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Belgian banking and insurance group KBC has taken a majority stake in fund manager Liontamer.
The asset management arm of KBC is to hold a 51 per cent stake in Liontamer, a small fund manager specialising in capital-protected investment funds.
"Thanks to this takeover, we can further develop our operations in the Asia-Pacific region and tap into the considerable potential the region has to offer," KBC Asset management chief executive Stefan Duchateau said.
KBC has more than ¬38 billion ($70.7 billion) in structured funds under management while Liontamer, founded in 2003, manages around $200 million.
- Agencies
