the press release here - BNP Paribas Securities Services
Transcription
the press release here - BNP Paribas Securities Services
Hong Kong, 14 April 2015 PRESS RELEASE BNP Paribas Securities Services wins RQFII mandate from China Universal Asset Management BNP Paribas Securities Services, a global custodian with USD 9 trillion in assets under custody, today announced it has been mandated by China Universal Asset Management (Hong Kong) Company Limited (CUAMHK) to provide custody and fund administration for its RQFII UCITS fixed income fund as well as to facilitate access to the Shanghai Hong Kong Stock Connect programme. CUAMHK is the wholly owned subsidiary of China Universal Asset Management Company Limited, which manages assets in excess of USD 37 billion*. It specialises in China-related investment management solutions and is one of the fastest growing asset managers in China. Working with BNP Paribas Securities Services, the progressive UCITS vehicle will allow CUAMHK to distribute its funds in multiple jurisdictions across Europe and Asia for the first time, diversifying its client and investment base. CUAMHK launched their first RQFII fund in Hong Kong in 2012, their current RQFII quota standing at RMB 3.1 billion. Shelley Yang, Managing Director and Head of International Business of CUAM, commented: “RMB internationalisation will further enhance the demand for access to the Chinese mainland market. With our upcoming UCITS funds we will provide this possibility through RQFII and also Stock Connect. We are very happy to work together with BNP Paribas Securities Services on these endeavours, who have proved to be a reliable and trusted partner.” Stephanie Marelle, Head of Hong Kong, BNP Paribas Securities Services, added: “We are delighted to partner with CUAMHK as they seek to distribute their RQFII UCITS product more widely. In addition, the investment options presented by combining RQFII quotas and Stock Connect Northbound trading enhance diversity and present opportunities not available previously.” * figures as of Q4 2014 -endsPress Contacts Lilian Goh [email protected] Christine Chan [email protected] Jonathan Taylor [email protected] +852 2909 8813 +852 2909 8847 +44 207 410 3242 BNP Paribas Securities Services on Twitter - @BNPP2S P.1/2 Notes for Editors About BNP Paribas Securities Services BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by the strength of a universal bank. It provides integrated solutions for all participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. Covering over 100 markets, with our own offices in 34 countries, the BNP Paribas network is one of the most extensive in the industry. We bring together local insight and a global network to enable clients to maximize their market and investment opportunities worldwide. Key figures as of 31 December 2014: USD 8.95 trillion assets under custody, USD 1.717 trillion assets under administration, 8,134 administered funds and 8,800 employees. About China Universal Asset Management China Universal Asset Management is one of the fastest-growing and well-respected asset managers in China. Our mission, in order of importance, is to enrich clients, empower employees, and reward shareholders. We opened for business in February 2005, almost 10 years ago. Since then, our unwavering commitment to our mission has driven rapid growth in our retail and institutional client base. Today we manage assets in excess of US$37Bn through both segregated mandates and our range of 50 mutual funds across China's equity, fixed income and money market asset classes. P.2/2