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MACQUARIE BANK, KOREA'S IMM ACHIEVE US$517 MLN IN MANAGED FUNDS.

AsiaPulse News

| December 03, 2001 | COPYRIGHT 2001 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

MELBOURNE, Dec 3 Asia Pulse - Joint venture partners Macquarie Bank Ltd (ASX:MBL) of Australia and Korea's IMM & Co have topped $A1 billion ($US515.7 million) in funds under management a year into their partnership.

"We have targeted two key Asian markets - Malaysia and Korea - and have been able to establish strong positions in both markets in a relatively short space of time," Macquarie head of funds management David Deverall ...

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