Mumbai
HDFC Mutual Fund to buy Morgan Stanley schemes in India
HDFC Mutual Fund has entered into an agreement to acquire all the eight schemes with assets worth around INR32.9bn ($532m)…
TresVista enters into strategic alliance with Bowline Capital Partners
TresVista, a Mumbai and London-based provider of customized financial service, has entered into a strategic partnership with European boutique advisory…
São Paulo, Incheon and Mumbai to see greatest surge in global competitiveness by 2025: Citi
A new Economist Intelligence Unit (EIU) research report, "Hot Spots 2025: Benchmarking the Future Competitiveness of Cities," commissioned by Citi,…
YES BANK announces Financial Results for the Quarter & Year ended March 31, 2013
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, "YES BANK has…
CIMB establishes its investment banking and brokerage businesses in India
"We are delighted to add India to our footprint which now comprises all major APAC markets except Taiwan. India is…
Waterfield Advisors selects Advent to increase operational efficiency
Waterfield has signed up to use two systems of Advent, Advent Portfolio Exchange, which is an end-to-end portfolio management solution,…
Ameriprise launches financial services in India
Ameriprise Financial, one of the largest financial planning firms in the US, has entered the Indian wealth management market. The…
Goldman Sachs to buy India’s Benchmark AM
Goldman Sachs’ asset management arm is to acquire India’s Benchmark Asset Management Company, a provider of exchange-traded funds, in a…
BMO boosts Asian wealth arm with LGM buy-out
BMO Financial Group is to acquire Hong Kong-based independent investment manager Lloyd George Management (LGM) to bolster its wealth management…
Next 18 months key in India
Standard Chartered Private Bank is gathering client assets in India at a rate of $250 million a quarter, and aims…
News Digest
STRATEGY KARVY sets up Indian wealth venture KARVY, a top-five Indian stockbroker with around 60 million customers, has set up…
Morgan Stanley appoins peivate wealth advisor in Mumbai
"We are delighted to have Sandeep on the team." said Himanshu Bhagat, head of Sales for Morgan Stanley's PWM activities…
UBS blocked from branch expansion
In what is an effective regulatory embargo against further growth in India, an application by UBS for its first banking…