Aberdeen to Acquire Taiwan Fund Manager
Aberdeen Asset Management will acquire Taipei-based asset manager Value Partners Concord Asset Management (VPCAM) for an undisclosed sum that will now allow them to access Taiwan’s onshore fund market.
“UOB Asset Management (Taiwan), a subsidiary of Singapore’s UOB Asset Management, secured a licence last year to operate locally domiciled funds.”
Other foreign asset managers are also expanding into Taiwan’s onshore fund market. UOB Asset Management (Taiwan), a subsidiary of Singapore’s UOB Asset Management, secured a licence last year to operate locally domiciled funds.
News Source: Asia Asset
About Aberdeen Asset Management
Aberdeen Asset Management is a global asset management company focused on meeting the worldwide investment needs of institutions, private investors and the advisers who serve them. Listed on the London Stock Exchange since 1991, we are one of Europe’s largest public, pure-play investment managers. We manage investments across the full spectrum of asset classes and geographic markets. Based in or close to the markets in which we invest, we are dedicated to first-hand research to deliver the investment returns that enable our clients to achieve their goals.
- Origin: Aberdeen, United Kingdom
- Employees: 2,700
- Assets Under Management: US$385.2 billion
Official Website: http://www.aberdeen-asset.us/ushome/
News & Media: Press Release
Updated on 8th August 2016