Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.
February 7, 2023JPMorgan won approval to take full ownership of its fund management venture. StanChart won approval to set up a new securities brokerage.
January 20, 2023The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.
January 16, 2023ERISA pensions are now permitted to incorporate material ESG factors into their investment and voting decisions.
November 25, 2022BNP's asset management arm will own 51 percent stake in the venture while Agricultural Bank of China's wealth management unit owns the rest.
October 19, 2022Goldman Sachs ICBC Wealth Management, set up in May last year, becomes the fourth Sino-foreign wealth management JV approved to commence operations.
June 28, 2022SBTi's new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.
April 20, 2022Neuberger Berman becomes just the third foreign fund manager to be granted approval for a domestic mutual fund business after BlackRock and Fidelity.
September 28, 2021BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.
September 10, 2021BNP Paribas Asset Management will reportedly hold a majority stake in the planned venture with AgBank's wealth management subsidiary.
September 3, 2021