INDIA - BNP Paribas Asset Management will buy a 49.9% stake in Sundaram Asset Management Company Limited, it was announced today.
The venture will see the e520m company, a subsidiary of Sundaram Finance Ltd, renamed Sundaram BNP Paribas Asset Management Company Limited. BNP PAM chairman Gilles Glicenstein said the announcement formed...
Norges Bank, New York City, HSBC, Lockheed Martin, RAM, SPAA
INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.
ASIA - Allianz Global Investors has signaled further expansion into Asia's pension market as a key medium-term objective.