AIG, the world's biggest insurer, said today it expects to operate insurance, consumer finance, real estate development, aircraft leasing and asset management businesses within the country.
JP Morgan received regulatory approval to enter the mutual fund business in India, which has reportedly grown at a compound annual growth rate of more than 26% in the last five years. The company plans to file next week the offering for a diversified equity fund.
Also approved for operations was Mitsubishi UFJ Securities, the investment banking and brokerage arm of Japan's largest financial group.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.