AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

MASSMUTUAL ACQUIRES LEADING TAIWAN MUTUAL FUND CO.

AsiaPulse News

| March 04, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(Full text of a statement. Contact details below.)

SPRINGFIELD, Mass., March 3 PRNewswire-AsiaNet - MassMutual Financial Group today announced it has further boosted a strong and growing Asian presence through the acquisition of one of the largest mutual fund firms in Taiwan - Fuh Hwa Investment Trust Co. Ltd.

The Massachusetts Mutual Life Insurance Company (MassMutual), together with Mercuries & Associates Ltd. and MassMutual Mercuries Life Insurance Co. Ltd. in Taiwan - have purchased a majority (68 per cent) ownership in the privately held Fuh Hwa.

Fuh Hwa is the sixth-largest mutual fund company in Taiwan, with more than $US4.1 billion in assets under management.

Established in 1997, Fuh Hwa has experienced substantial growth since its inception. Assets under management more than doubled in the last three years, from $US1.6 billion in 2000.

Robert J. O'Connell, Chairman, President and CEO of MassMutual, said the transaction represents a strategically important step in the continued growth and global diversification of MassMutual Financial Group member companies.

"Since first entering Taiwan in 2001, when we acquired a major interest in Mercuries Life Insurance, MassMutual has significantly strengthened its leadership position and profitability in Asia," he said.

Related articles from newspapers, magazines, journals, and more
MassMutual Acquires Leading Mutual Fund Company in Taiwan; Fuh Hwa Investment...
Press release article from: PR Newswire March 3, 2004 700+ words
...MassMutual Financial Group today announced...firms in Taiwan -- Fuh Hwa Investment Trust...diversification of MassMutual Financial Group member companies...The purchase of Fuh Hwa presents a tremendous...key employees of Fuh Hwa will remain ...
In Brief: MassMutual Buys Taiwan Fund Firm Control.(Fuh Hwa Investment Trust...
Magazine article from: American Banker March 4, 2004 700+ words
MassMutual Financial Group said Wednesday...a 68% stake in Fuh Hwa Investment Trust...Ltd. in Taiwan. Fuh Hwa has more than...key employees of Fuh Hwa are to remain with...disclosed. MassMutual Financial Group had $285 billion...
Global strategies: Mass Mutual goes to Taiwan.(FundReporter)(Massachusetts...
Magazine article from: Research May 1, 2004 700+ words
...operation, MassMutual now owns 68 percent of Fuh Hwa Investment Trust. No price for the transaction...company in Taiwan. However, although Fuh Hwa has doubled its AUM over the last three...Oleksiw. "At the same time, we'll help Fuh Hwa clients better meet their broader financial...
TAIWAN NEWSPAPER HIGHLIGHTS - MARCH 27, 2008.
News wire article from: AsiaPulse News March 27, 2008 700+ words
...ease a supply shortage on the island, the mainland's biggest grain trader said. - Fuh Hwa Securities Investment Trust, in which MassMutual Financial Group is a main shareholder, plans to raise up to NT$10 billion (US$333 million) in...
MassMutual to Acquire Baring Asset Management From ING Group.
Press release article from: PR Newswire Europe November 22, 2004 700+ words
...PRNewswire/ -- MassMutual Financial Group today announced the signing of...to be a member of MassMutual Financial Group and look forward to working closely...announced two acquisitions: Fuh Hwa Investment Trust Co. Ltd...
MassMutual Wealth Push May Include Buying Bank.
Magazine article from: American Banker Ackermann, Matt April 5, 2005 700+ words
MassMutual Financial Group has expanded its products and international reach in the past year...addition to the Baring purchase, MassMutual bought Taiwan-based Fuh Hwa Securities Investment Trust Co. Ltd. in February 2004 and London...
ASIANET DAILY SUMMARY - MARCH 4, 2004.
News wire article from: AsiaPulse News March 4, 2004 700+ words
...MASSMUTUAL ACQUISITION... SPRINGFIELD, Mass.: MassMutual Financial Group has further boosted a strong and growing Asian presence through...acquisition of one of the largest mutual fund firms in Taiwan - Fuh Hwa Investment Trust Co. Ltd. http://www.massmutual...
Principal Financial Group Enters Brazilian Financial Services Market; Company...
Press release article from: Business Wire October 27, 1999 700+ words
...Oct. 27, 1999-- The Principal Financial Group, a leader in the U.S. financial...past several months, the Principal Financial Group has selectively entered and expanded...medium business sector. The Principal Financial Group purchased its 42.01 percent stock...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA