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Barings to launch HK-domiciled funds
09 June 2014
HSBC appointed fund administrator and custodian
Baring Asset Management will launch a range of Hong Kong
domiciled funds, which it plans to bring to market in early
2015, subject to regulatory approval.
Barings has appointed HSBC as administrator, trustee,
transfer agent and custodian for the fund range.
"We have a long and distinguished record of investing in
Asia and this new development furthers our commitment to
investing in local talent and infrastructure in the region,"
said Gerry Ng, CEO of Barings Asia, excluding Japan.
"The development of a local fund range also positions us to
take advantage of the anticipated mutual recognition platform
between Hong Kong and China and the increased demand for
locally domiciled funds that we expect to follow."
Barings has been active in China for over 220 years and
opened its first office in Hong Kong in 1973. The
firm manages assets in excess of $14.4bn in Asia ex-Japan
of which $3.7bn is in China/Greater China and employs over 130
staff in that region.