Schroders has agrees to acquire a majority stake in Pamfleet, a $1.1bn Asian real estate manager with offices in Hong Kong, Shanghai and Singapore.
The 19-strong team will be renamed Schroder Pamfleet as a result of the aquisition, while the management teams running the company's four funds will remain unchanged. Pamfleet's managing directors Allan Lee and Kelvin Wong will continue to lead teams based in Hong Kong, Shanghai and Singapore and will be joined by Canon Yau, who will lead the business's institutional investor relationships. The acquisition comes shortly after Schroders purchased €1.2bn Munich-based real asset firm Blue Asset Management, and €1.8bn pan-European hotel investment business Algonquin, in May this year. ...
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