GCS Capital, a strategic investor based in Hong Kong led by former HSBC bankers, has confirmed it is in exclusive talks to buy Dexia Asset Management, as part of a wider push to promote European funds to Asian and Middle Eastern investors.
Dexia Asset Management is currently owned by Brussels-based banking group Dexia, which was rescued from financial difficulties in October 2011. The bank put its asset management business up for sale as part of a recapitalisation.