On September 8, 2011 Banking Business Review reported that asset manager AllianceBernstein had agreed to acquire Taiwan International Investment Management, expanding its presence in the Taiwan fund market.
On September 8, 2011 Banking Business Review reported that U.S.-based asset manager AllianceBernstein will purchase Taiwan International Investment Management. The acquisition expands AllianceBernstein’s presence in the Taiwan domestic fund market. Regulatory approval of the transaction is expected to be received by the second half of 2012. Taiwan International Investment Management, which has approximately $288 million in assets under management, currently manages eight funds, including four Taiwanese equities funds, two overseas funds, one money market fund and one balanced fund.