Aviva deal boosts JP Morgan's Asia footprint

It’s a tale of contrasting fortunes in Asia. JP Morgan Asset Management’s purchase of Aviva Investors’ $1.2 billion Asia-Pacific direct real estate business has grown its regional property assets by 41% to $4.1 billion, expanded its investment footprint and raised its real-asset headcount by one-third. The moves comes as the US fund house – with a presence in Hong Kong for 35 years – has had success in further expanding its business in the past few years across both institutiona…