Syncicap Asset Management has received licenses for Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities, from the Hong Kong Securities and Exchange Commission (SFC)
The licences will allow Syncicap to provide professional investors with a range of financial services, including the distribution of funds, provision of research and investment advice and portfolio management.
Syncicap is a Hong Kong based joint venture between OFI Asset Management (OFI AM) and Degroof Petercam Asset Management (DPAM) which both promote themselves as experienced active responsible and sustainable investors, with ESG track records in Europe extending to 20 years, including in asset classes such as emerging market debt, unconstrained fixed income, listed real estate, thematic and European equity strategies.
“Integration of ESG factors is our fiduciary duty to make better informed investment decisions, to optimize risk/return profile of portfolios and therefore to offer sustainable performances,” said Jean-Marie Mercadal, chief executive officer, Syncicap in a statement.
DPAM and OFI AM manage together close to $140bn of assets, and Syncicap will serve as their local distribution hub for targeting qualified Asian investors.
OFI AM was founded in 1971 and managed $83bn as of December 2021 of listed and unlisted assets on behalf of institutional and private wealth clients in France and internationally. Its main shareholders are major French insurance companies, according to the statement.
DPAM is an independent asset manager that is part of the Belgian bank Degroof Petercam and operates internationally with offices in Amsterdam, Frankfurt, Geneva, Luxembourg, Madrid, Milan and Paris, where it has close proximity to its partners. As of December 2021 DPAM had $58bn of AUM on behalf of institutional clients and distributors.
