Norway's sovereign wealth fund to oppose board chair appointments in Japanese companies without women; Mine Super and TWUSUPER move ahead with merger; Fukoku Mutual Life Insurance move may trigger more global bond sales; and more.
The Armed Forces Fund Board (LTAT) has bought a 7% stake in AHAM Asset Management Bhd from Nikko Asset Management International Ltd, which also transferred its remaining 20% equity interest to parent company Nikko Asset Management Co Ltd.
CVC Capital Partners Asia Fund V is buying 63% held by Affin Hwang Investment Bank and 5.35% held by key senior management of Affin Hwang Asset Manage.