Mergers & Acquisitions
Wealth and Asset Management
Hang Seng investment arm to merge with HSBC’s asset business, sources say
HSBC will merge Hang Seng Bank’s asset management unit into its fund business, two people with direct knowledge of the matter said on Monday, after the London-based bank took the Hong Kong lender private in a $13.6 billion deal. The planned deal will have HSBC Asset Management, which manages investment…
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Click here to read the full story: Reuters