KBC Asset Management, together with Concord Securities (CSC), have acquired a stake in Taiwanese Sunrise Asset Management Co. Ltd. (Sunrise AM). KBC Asset Management will take a 45% stake in Sunrise AM while CSC – the other key shareholder – will have a participation of 25%. Subsequent to the acquisition, Sunrise AM will be renamed KBC-Concord Asset Management Company Ltd. Subject to regulatory approval, KBC Asset Management also intends to buy another 9% of the company, which would bring its total shareholding to 54%. Sunrise AM has a SITE licence, which allows it to sell domestic funds in the local currency, the New Taiwan Dollar (NTD), and to invest in local and/or overseas securities. KBC Asset Management, which is part of the Belgian KBC group, focuses on the group’s Belgian and Central and Eastern European home markets. As an investment manager, however, KBC Asset Management is increasingly using its extensive know-how and resources – especially in the field of structured retail funds and in more specialised sector, theme and SRI funds – in growth markets such as Taiwan, China and the rest of the Far East.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more