The Geneva-based asset manager takes its first physical step into mainland China.
The firm has relocated three of its investment staff to Shanghai from Edinburgh.
The US asset manager has applied to China’s regulator for a licence to access the country’s retail investor market.
Other alternative asset managers have also established their presence in China.
The New York-based hedge fund now has six months to launch an onshore product in China.
Aberdeen Standard Investments is the latest wholly-foreign owned enterprise manager to expand into advisory services in China.
Separately, a UK-China MRF programme is in the pipeline and more UK firms are expected to set up WFOEs in China.
Winton Capital rolls out quant products while Alliance Bernstein, Allianz Global Investors and DE Shaw receive private fund management (PFM) licences in China
Netherlands-based Aegon Asset Management has signed an MOU with the Shanghai Lujiazui Administration Bureau to establish a wholly foreign-owned enterprise (WFOE).
The Singapore-headquartered firm is looking at adding more investment staff and obtaining a QDLP licence.