News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Former HSBC bankers bid for Dexia Asset Management

A strategic investor based in Hong Kong has confirmed it is in exclusive talks to buy unit as part of a wider push to promote European funds to Asian investors

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.

WSJ Logo