Briefs
Sally Patten, Ben Wilmot
Aberdeen takes Credit Suisse units Aberdeen Asset Management is due to complete its takeover of Credit Suisse's traditional asset classes today. The combined group will have about $20 billion under management locally, including $3 billion in Australian equities. Aberdeen Asset Management Asia managing director Hugh Young said about 40 of the 100 Credit Suisse staff would be kept on. Mr Young said the firm remained committed to the Australian equities business despite the fact it was a "crowded space". Sally Patten SME niche for new Maxim fund Sydney-based Maxim Asset Management has launched an income fund to target niche financing opportunities in the small to medium-enterprise sector. The fund, to be managed by John Krause, will also look to work with big domestic lenders, and will partner with Boston Corporate Holdings Pty Ltd. The Maxim fund is raising capital from professional and institutional investors. Ben Wilmot
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles