pictet-gets-qfii-green-light

Pictet gets QFII green light

The asset management division of the Swiss private bank receives foreign institutional investor approval by China's regulators.
Global appetite for investing in China and a desire to break away from a reliance on brokers are the key motivations behind PictetÆs successful attempt to obtain a qualified foreign institutional investor license.

Although the size of the mandate will not be revealed for several months, Pictet Asset Management executives say the awarding of a mandate in principle by the China Securities Regulatory Commission is evidence that the firm is serious about its expansion ambitions in Asia-Pacific.

ôThe State Administration of Foreign Exchange decides how large the mandate is,ö explains Amy Cho, PictetÆs recently appointed head of institutional marketing in Asia-Pacific. ôOnce it does we are going to bring it to bear on our Asian...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222