Fortis, the Belgo-Dutch financial services group, is looking for more alliances in Asia in the wake of its recent asset management deal with China’s Ping An Insurance as it seeks to double its profit contribution from the region by the end of next year.

“We believe in partnerships. If we can combine our skills on the one hand and distribution powers on the other ... joint venture is a model that we really like,” Jean-Paul Votron, Fortis chief executive, told the Financial Times.