Upon completion, the UK bank will have a fully owned fund management company.

Upon completion, the UK bank will have a fully owned fund management company.
The German asset manager filed an application to the regulators to enter the Chinese retail fund market last Friday.
The American asset manager has received approval to set up a fund management company.
This comes a day after Neuberger Berman got its approval.
The fund is expected to complete its IPO by the end of the first quarter of this year.
Part of the Mark Allen Group.