Rita Raagas De Ramos

Philippine American Life and General Insurance Company is to acquire a 51% stake in Ayala Life Assurance, the life insurance subsidiary of Bank of the Philippine Islands.

Changes in Temasek's charter show that the investment arm of the Singapore government will exercise its rights as a shareholder to help create sustainable value.

The two are forming an asset management joint venture that will invest in core infrastructure in China, Hong Kong and Taiwan.

Private banks that don't focus on profitable segments won't make it, says Scorpio Partnership.

The Carlyle Asia Growth Partners IV fund will invest in high-growth companies in the region, particularly China and India.

The global financial crisis has caused the assets of the world's high-net-worth individuals to fall by an unprecedented 19.5% to $32.8 trillion.

The newly incorporated company, Sarasin-Alpen (India) Private Limited, will provide advisory and consultancy services.

The offer from BlackRock includes the purchase of BGI's iShares business, unless CVC Capital Partners matches the offer.

Once the playground of hedge funds, distressed assets are attracting more interest from private banks, boutique firms, local players, sovereign wealth funds and institutions.

The US-based alternative investment manager hires Barton Lee to focus on originating and structuring transactions in Korea and other Asian markets.