Pictet Asset Management’s wholly-owned Shanghai unit will now be able to offer its offshore strategies to qualified investors onshore.
Pictet Asset Management’s wholly foreign-owned enterprise (WFOE) in Shanghai has successfully registered as a qualified domestic limited partner (QDLP) manager with the Asset Management Association of China (AMAC).
The QDLP license will allow the Swiss asset manager to offer offshore strategies to qualified investors onshore.
China Allure
Pictet joins other global financial institutions eyeing opportunities from the opening of China’s financial sector.
It first launched its WFOE in November last year and has invested in Chinese markets through various onshore and cross-border programs.
«The AMAC registration marks another
milestone in our long-term commitment to the China market and the continued expansion of our business footprint,» said Pictet Asset Management’s Asia ex-Japan chief executive Junjie Watkins.
