Barings Opens Shanghai Office to Further Long-term China Vision
Oct 30, 2019
HONG KONG/SHANGHAI (Oct. 30, 2019) – Barings, one of the world’s leading financial services firms, today announced the official opening of its new office in Shanghai, China.
“The opening of the Shanghai office furthers our long-term vision for building our onshore capability and establishing Barings as a leading asset manager in China,” said Tom Finke, Chairman and CEO of Barings. “China is a key growth market for Barings and in the coming years we will continue to expand our business operations in this important financial market.”
Barings previously announced in June of this year its Investment Management Wholly Foreign-Owned Enterprise (WFOE) in Shanghai had successfully registered as a Private Fund Management company (PFM WFOE) with the Asset Management Association of China (AMAC). The registration as PFM WFOE will allow Barings to offer onshore investments in Fixed Income, Equities and Multi-Asset to qualified investors in China.
“With the opening of our Shanghai office, Barings will be able to build its local-to-local business in China and take an important step towards opening our first China onshore fund,” said Duncan Robertson, Head of Asia Pacific at Barings. “The firm has a successful history of building local businesses that rely on our in-market knowledge and global insights and we view this as an extension of our work for large institutional clients. We are excited and committed to investing and sharing Barings deep knowledge of the market and building investment capabilities for Chinese investors.”
The Shanghai office will be led by Shelley Liu, Barings Country Head for China, who reports directly to Mr. Robertson. She oversees a team of associates across investment, operations, compliance, business services and sales.
Barings has been providing global investment solutions to Chinese investors since beginning its Qualified Domestic Institutional Investor (QDII) business in 2007. The firm established its Shanghai-based Investment Management Wholly Foreign-Owned Enterprise (WFOE) in August 2018 and launched its first Qualified Domestic Limited Partnership (QDLP) product in January 2019. Barings has also been investing onshore for global investors through Qualified Foreign Institutional Investor (QFII), Renminbi Foreign Institutional Investor (RQFII) and Stock Connect Programs. Registered as PFM WFOE, Barings is authorized to launch onshore investment products investing in China securities markets and targeting qualified local investors.
Barings is a US$335+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific. Learn more at www.barings.com
*As of September 30, 2019
This document is issued by Baring Asset Management (Asia) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. The document is not an offer or solicitation for the purchase or sale of any financial instrument or service.