Standard Chartered sells Asian real estate unit

Private equity firm Actis has acquired the Asian principal finance real estate business of Standard Chartered. The unit employs 20 people who manage seven property assets in China, India and South Korea from offices in Shanghai and Seoul. “This is an exciting moment in the history of the firm,” said David Morley, partner and head of real estate at Actis. The firm said it had invested about $3 billion in Asia since it was founded in 2004. The principal finance real estate team was formed in 2010 and is led by Brian Chinappi (Asia head), Thomas Liu (head of Greater China and North Asia), and Ashish Singh (head of India). Reuters reported that Standard Chartered had separately agreed to sell the other part of its principal finance division, one focused on private equity, to Intermediate Capital Group, though the companies have yet to confirm this. ©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.


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.