State-owned China Post Global has applied to launch a China A-shares ETF in Europe, adding to its Market Access range on the continent, said the firm’s London-based managing director Danny Dolan.
The acquired business had gross written premiums of $790m last year, with Argentina representing about 50% and the rest coming from Ecuador, Mexico, Brazil and Colombia.
At BNP Paribas, we’re firmly convinced that Open Innovation is a powerful driver for the transformation that will help to build the bank of tomorrow and enable us to continue to provide our clients with high value-added products and services.
Norges, Shaftesbury’s second biggest shareholder also owns half of the Crown Estate, a collection of lands and holdings in the United Kingdom belonging to the Queen.
The unit being sold, Standard Life Assurance Limited, is one of Britain's oldest life and pensions companies and will see Phoenix almost double in size to 10.5m policyholders once the deal completes.
The company was launched by CEO Hemal Mehta, formerly an M&A investment banker at Barclays Capital, and COO Mark Evans.
Notably the diversity of our client base does, we believe, give us a strong platform for the future,” said Kevin Aitchison, CEO of KFIM.
According to Tido van Wieringen, chief business development officer at DNGB, Dutch pension funds have shown an interest, but first want to see whether the concept catches on.