TPG-Angelo Gordon’s Combined AUM Is $208 Billion Private equity asset manager TPG Inc. is acquiring Angelo Gordon, a $73 billion credit and real estate investment firm via a cash and equity transaction valued at approximately $2.7 billion, officials say. Acquiring Angelo Gordon “marks a significant expansion into credit investing for TPG, establishing additional levers to… Read More >>
Hong Kong Firm to Deploy Linedata Solutions
Hong-Kong-based ICBC Asset Management (Global) will deploy by the end of the year software solutions from vendor Linedata in a bid to scale up its operations to support a rapidly growing Asian asset management business, officials say. ICBC AMG “is expanding its product lineup and diversifying its offerings into new asset classes and strategies,” says… Read More >>
SEC Temporarily Suspends Trading in ‘UBI Blockchain Internet’
The SEC reports the “temporary suspension” of trading in the securities of Hong Kong-based UBI Blockchain Internet, Ltd., whose predecessor company was known as JA Energy. The suspension began on Jan. 8, 2018, and is due to end at 11:59 p.m. EST, on Jan. 22, 2018, the commission says. The temporary suspension is a result… Read More >>
Hong Kong Asserts Its FinTech Prowess
Just in case you got distracted by a financial services regulatory infrastructure for the U.S. that is being remade in the image of Trump, Hong Kong’s financial services community has some news. In fact, the FinTech Association of Hong Kong (FTAHK) had its official launch on June 28, underscoring the point that financial IT innovation… Read More >>
GLEIF and ‘First Movers’ Complete LEI Process Test
GLEIF Works with First Mover LEI Issuers The Global Legal Entity Identifier Foundation (GLEIF) and five “first mover” Legal Entity Identifier (LEI) issuers have “successfully concluded a prototype exercise” that tested the end-to-end process of collecting and validating data on the direct and ultimate parents of legal entities that have an LEI, reports Stephan Wolf,… Read More >>
Hong Kong, Shanghai Upbeat on Trump’s Impact on Global Markets
Wall Street traders are not along in giving the thumb’s up to a new Donald Trump administration as financial services firms in Hong Kong and Shanghai while initially surprised by his victory are willing to give the real estate mogul a chance, according to a new survey. More than two-thirds of survey respondents, or 68… Read More >>
Major Banks to Mentor FinTech Startups in Asia
FinTech Innovation Lab to Help Eight Entrepreneurs Eight financial technology vendors with a range of new offerings including a know your customer (KYC) combination with distributed ledger technology, have been accepted into a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific, officials say. Other startups participating in the lab are working on… Read More >>
Perseus Opens Regional HQ in Hong Kong
Perseus, a managed services, co-location and high-speed connectivity provider, has opened a regional headquarters in Hong Kong to serve Asian markets that “have been growing exponentially,” says Jock Percy, CEO of the New York-based vendor, in a prepared statement. “Hong Kong is at the center of that growth and Perseus has been planning to expand… Read More >>
ITRS Opens Singapore Office
ITRS Group, an application performance and management technology provider, reports that it is expanding its Asian presence by opening a new Singapore office. The new office joins current ITRS offices in Hong Kong and Philippines. The expansion comes in response to “booming regional demand for ITRS’ services,” in addition to its existing substantial client base… Read More >>
Fidessa to Offer Link to Mainland China
Trading systems and services vendor Fidessa reports that five Hong Kong-based brokers are in the first group that will be using Fidessa for the forthcoming Shanghai-Hong Kong Stock Connect (aka, China Connect) link when it goes live in mid-October. The China Connect program will “open up access to mainland China by allowing offshore investors to… Read More >>
