Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
Exclusive-U.S. commits to Afghan asset talks despite frustration with Taliban – sources
By Jonathan Landay WASHINGTON (Reuters) – U.S. President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets despite the late al Qaeda leader’s presence…
Nigerian president withholds approval of Exxon Mobil’s asset sale
ABUJA – Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator…
Ecuador’s debt payments not affected by Luxembourg asset freeze – government says
By Alexandra Valencia QUITO – Ecuador’s capacity to meet its external debt obligations has not been affected by a Luxembourg court’s decision to freeze the country’s assets amid a dispute with oil…
TPG quarterly earnings more than triple on fee growth, asset sales
By Chibuike Oguh NEW YORK – TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private…
Exxon Mobil’s Nigeria asset sale hits regulatory hurdle
By Camillus Eboh ABUJA – Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to Seplat after…
Carlyle’s second-quarter earnings rise 34% on strong asset sales
By Chibuike Oguh (Reuters) – Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived. Distributable earnings…
Analysis-No longer silent, Japan asset managers flex muscle in legacy to Abe
By Makiko Yamazaki TOKYO – Japan’s asset managers nudged the volume up another notch at shareholder meetings this year, increasingly opposing management proposals and adding momentum to a policy of attracting foreign…
Asset manager GAM warns on profit, citing market turbulence
ZURICH – GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing a volatile market environment which has led to fall…
Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources
By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said,…
Two Financial Asset Managers Charged in Alleged $1.2 Billion Venezuelan Money Laundering Scheme
Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s state-owned and…
Russia gives exiting firms time by pausing asset seizure law
MOSCOW – Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before the summer recess, giving companies…
U.S. Treasury calls for inter-agency approach on digital asset risks, benefits
(Reuters) – The U.S. Treasury said on Thursday it had delivered “a framework” to President Joe Biden for international engagement and an inter-agency approach to address the risks and benefits of digital…
State bank VTB, fintech firm execute Russia’s first digital asset deal
MOSCOW – Russian lender VTB’s VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In February blockchain platform Atomyze…
RedBird backing Raymond James exec for asset, wealth manager venture -sources
By David French NEW YORK – RedBird Capital Partners is partnering with an outgoing executive from Raymond James Financial Group to establish a new asset and wealth management platform, sources familiar with…
S.Korea plans to manage steel scrap as strategic asset as prices surge
SEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on Thursday, amid tight supplies and a price…
Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”),…
Macquarie Asset Management raises $4.2 billion for Asia-Pacific fund
(Reuters) – Macquarie Asset Management, a part of Australia’s Macquarie Group Ltd, said on Tuesday it had raised $4.2 billion for its third fund dedicated towards Asia-Pacific regional infrastructure, much beyond its…
Russian lawmakers give initial approval to bill allowing foreign asset takeover
(Reuters) – Russian lawmakers on Tuesday gave the first stamp of approval to a bill that would allow Russian entities to take over foreign companies that have left the market in opposition…
Voya plans to buy majority of Allianz’s U.S. asset management business
(Reuters) – U.S. insurance plan provider Voya Financial Inc said on Tuesday its investment management unit would take over “a substantial majority” of Germany-based Allianz’s asset management business in the United States.…
Explainer-What are stablecoins, the asset rocking the cryptocurrency market?
By Elizabeth Howcroft LONDON – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a constant value: stablecoins. As cryptocurrency prices plummeted this…
Three big asset managers file joint climate resolutions at J-Power
By Makiko Yamazaki TOKYO – Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known…
KKR’s first-quarter earnings jump 47% on strong asset sales, fees
(Reuters) – Private equity firm KKR & Co Inc said on Tuesday that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in asset sales and a rise in revenue…
China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman for the State-owned Assets Supervision and Administration…
U.S. SEC announces asset freeze against those allegedly behind nearly $450 million Ponzi scheme
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly $450 million Ponzi scheme.…
Buyout firm TPG’s fourth-quarter earnings jump 34% on strong asset sales
By Chibuike Oguh (Reuters) – TPG Inc said on Monday its fourth-quarter after-tax distributable earnings rose 34% year-on-year, driven by strong asset sales across its portfolio of private equity, impact investment, growth…
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