KBC Asset Management, a unit of Brussels-based KBC Bank and Insurance Holding, has established a presence in Asia and is looking to grow its business in providing structured funds to the retail and high-net worth market.
It opened an office in Hong Kong this year and recently launched its first guaranteed mutual fund for this retail market via an exclusive distribution arrangement with HSBC. That launch raised over $100 million, says Rex Lo, vice president of structured products and the person spearheading KBC AM's regional effort.
The firm is looking to build a track record over the next six months or so in Hong Kong before entering other regional...
