The French bank follows in the footsteps of Amundi, Goldman Sachs and others.
Bank of China’s Hong Kong subsidiary partners with South African asset manager Ninety One exclusively on RMB-denominated green fund.
The firm plans to launch more products, including “fixed income plus” and mixed-asset strategies.
For Asia as a whole, the firm has set an AUM objective of €500bn ($582.75bn).
The tie-up between the French asset manager and the Bank of China wealth management subsidiary is the first to get the go-ahead.
Foreign controlling stakes are planned as the race to create wealth management partnerships hots up ahead of the lifting of restrictions next year.
Janus Henderson hires, Bank of China is hiring; Vontobel on chess and AI; Nordea boots Facebook; Aberdeen Standard and plastic; Summer reading and much more.
China Merchants Bank, ICBC and Bank of China are among the top 20 largest private banks globally, according to a report from Globaldata and Private Banker International.
It’s BOCHK vs HFT (HK) in a quick comparison of two high-yield bond funds
Eastspring Investments, the investment arm of Prudential, has named King Lun Au as its Hong Kong CEO.