News

Asian private equity fund buys currency website Oanda

World_currenciesA subsidiary of the Asia Fund IV from CVC Capital Partners has agreed to buy the outstanding equity of currency conversion website Oanda. The private equity firm said it hoped to assist Oanda in expanding its business in Asia through acquisitions. “This is an exciting opportunity to invest in a leading global player with a consistent track record of growth and a highly cash generative business, in a sector known well to CVC,” said Siddharth Patel, senior managing director at CVC Capital Partners. Vatsa Narasimha will stay on in his role as chief executive of Oanda, which offers an online retail trading platform and analytics services as well as its popular website, which offers free currency conversions. Founded in London in 1981 as a subsidiary of Citigroup, CVC Capital Partners manages about $70 billion of assets. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.