DBS Group (D05.SG) off 0.6% at $14.00, volume paltry at 901,000 shares, reflecting limited participation across broad market; news yesterday bank sells asset management arm to Japan’s Nikko Asset Management in exchange for 7.25% stake in combined entity doing little to spur additional interest; RBS expects financial impact to be neutral over short run, “very modestly positive” over medium-, long-term.
Posts Tagged ‘management arm’
Aviva Investors to set up Singapore asset management unit
March 19th, 2010 |
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Aviva Investors, the fund management arm of British insurer Aviva (AV.L), plans to hire asset managers in Singapore and set up sales offices in Japan and Saudi Arabia to grow its regional business, its Asia Pacific CEO said on Friday.