Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SSgA Scales the Great Wall Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 11, 2017

SSgA Scales the Great Wall

News summary by MFWire's editors

One of the biggest U.S. asset managers is making moves into China this year.

Lochiel Crafter
SSGA
Senior Managing Director, Head of Asia Pacific
State Street Global Advisors (SSgA [profile], the third largest asset manager in the world) and E Fund Management (the third largest Chinese asset manager) signed a memorandum of understanding yesterday "to jointly explore strategic opportunities across global markets, including China's fast-growing fund management industry." P&I reported on the alliance.

Lochiel Crafter, executive vice president and head of Asia Pacific for SSgA, hints at SSgA and E Fund teaming up "to craft multi-asset product solutions ... covering virtually every global asset class." Crafter praises E Fund as a "solid partner with strong local perspectives," with "strong investment acumen, innovative ideas as well as a growing distribution partner."

Yesterday SSgA also unveiled the hiring of HSBC alumnus James Ong as managing director and head of client relationship management for Southeast Asia.

Meanwhile, P&I and the WSJ both report that Fidelity International just cleared a key regulatory hurdle in China, meaning that the firm will be allowed to create products for sale inside China. Fidelity International is the former international arm of Boston-based mutual fund giant Fidelity investments.

SSgA's and Fidelity International's moves come shortly after China's National Development and Reform Commission recently made it easier for foreign investors to invest in financial sectors in China. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use