HSBC in Advanced Talks to Sell Inka Fund Administration Unit to BlackFin
According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a privat
According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a private equity group. About €400 billion $435.16 billion in assets under administration are managed by Inka. The possible sale fits HSBCs overarching plan to concentrate on its core competencies and streamline operations. Depending on talks and regulatory permissions, BlackFin, an investment group specialising in European financial services, might finalise the purchase in the upcoming weeks. HSBC has been reorganising its international businesses, including asset management, to maximise profitability. The action is consistent with banks selling off noncore assets as market conditions change. BlackFins presence in the European financial services industry will grow even further if the deal goes through.
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B2B Tech News | 2 months ago