Asset
CICT divests office asset in Raffles Place for S$688 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million.The sale price is in line with the property’s independent...
Manulife cuts 2.5% of staff in wealth and asset management unit
Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the division’s staff. The move was made “in an...
Aims Apac Reit bets on asset rejuvenation strategy to drive long-term value
The manager expects its two current asset enhancement projects to boost net property income by more than 7 per centAIMS Apac Reit (AA Reit) will focus on rejuvenating and...
CapitaLand Ascendas Reit to divest industrial asset in Singapore at S$45.3 million premium
CAPITALAND Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million. This is nearly double the original purchase price of S$58.4 million, when...
BlackRock, JPMorgan asset back Dynasty Financial at US$800 million valuation
DYNASTY Financial Partners, a provider of back-office services to independent investment advisers, won backing from BlackRock and JPMorgan Asset Management as it looks to accelerate growth.
The minority capital raise...
Crypto asset manager Bitwise files for XRP ETP with securities regulator
CRYPTO asset manager Bitwise has filed an initial registration statement with the US Securities and Exchange Commission (SEC) for an exchange-traded product (ETP) for XRP tokens, as it seeks...
RBC’s US global asset management head sees growth in emerging markets, alternative assets
ROYAL Bank of Canada is betting on alternative investments and emerging markets debt and equity to boost its US global asset management business, said new CEO Donald Sanya, who...
Australia’s NAB posts lower cash earnings, flags decline in asset quality
NATIONAL Australia Bank (NAB) posted an 8 per cent drop in its third-quarter cash earnings on Friday (Aug 16), pressured by lower revenue and higher operating expenses, and flagged...
