Hong Kong Asset Managers Sign Strategic Partnership

Two asset managers in Hong Kong signed a Memorandum of Understanding, bringing together their skills and expertise to the benefit of both organisations and their clients.

Merian Global Investors, the U.K.-headquartered asset management business, signed a Memorandum of Understanding (MOU) with Ping An of China Asset Management (Hong Kong), the wholly-owned subsidiary of China Ping An Insurance Overseas.

The MOU marks the formal commencement of a new strategic partnership between the two businesses, bringing together their skills and expertise to the benefit of both organisations and their clients, the two firms said in a joint statement on Tuesday evening.

Developing Openness

Having already achieved progress through cooperation in providing investment advisory services (management of the Merian China Equity Fund was outsourced by Merian Global Investors to Ping An Asset Management (Hong Kong) in March 2018) the MOU aims to further the alliance between the businesses. It is the first agreement of its type signed by both organisations and demonstrates the developing openness and consequent benefits of strategic relationships between both parties.

Under the terms of the MOU, both parties will aim to work together to explore business development opportunities in the fund distribution, marketing and investment advisory space, including knowledge sharing and training.

Access to Local Knowledge

«Growing our presence in Asia is one of our core strategic aims and the opportunity to partner with one of China’s largest and most respected financial services businesses is incredibly exciting. We believe that access to the local knowledge and investment advisory expertise of a specialist Chinese asset manager will be of great benefit to our clients,» Richard Buxton (pictured above), CEO of Merian Global Investors, said.

«This relationship marks the beginning of our successful transformation to becoming a truly third-party asset manager from purely managing our in-house insurance capital,» said Hoi Tung, Chairman, Ping An Insurance Overseas Holding.