Morgan Stanley’s infrastructure investment unit plans to seek $4bn for a second global fund, according to two people with knowledge of the matter.
The New York-based bank plans to officially start raising money in the coming weeks, said one of the people asking not to be named because the plans haven’t been made public.
In the meantime, Reuters reports that Nomura said on Wednesday it was seeking partners to expand its retail and asset management operations in Southeast Asia and was in talks with several financial institutions in the region.
Chief Operating Officer Atsushi Yoshikawa did not name any specific companies but said Nomura would consider taking equity stakes as part of any alliance.
Finally, the news agency also reports that Societe Generale said on Wednesday that it was moving to dismiss its top Russian executive days after his shock arrest on bribery charges.
The decision by Russian subsidiary Rosbank's board to fire its head, Vladimir Golubkov, after his arrest last week in a dramatic sting came as the French bank's management faced shareholders at its annual shareholder meeting.
A judge has since ordered that Golubkov be put under house arrest for two months.