SINGAPORE - Keppel Corp’s purchase of a 50 per cent stake in leading European asset manager Aermont Capital is a strategically savvy move which will catapult the Singapore company to the higher ranks within the league of global asset managers.

That seems to be the emerging view of some analysts following the mainboard-listed company’s announcement that it had sealed the deal to buy 50 per cent of Aermont Capital for up to €356.85 million (S$520 million), and would pick up the remaining 50 per cent by 2028.