Merian Global Investors targets Asia expansion with Ping An partnership
Merian Global Investors has signed an agreement with Hong Kong asset management firm Ping An as the firm targets expansion into Asia.
The London-based asset management business agreed a Memorandum of Understanding with Ping An this morning, which will allow the firms to work together on fund distribution, marketing and investment advisory services.
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Ping An already manages the Merian China Equity Fund after it was outsourced in March this year.
Merian Global Investors chief executive Richard Buxton said: “We’re thrilled to have entered into a new alliance with Ping An Asset Management.
“Growing our presence in Asia is one of our core strategic aims and the opportunity to partner with one of China’s largest and most respected financial services businesses is incredibly exciting.
“We believe that access to the local knowledge and investment advisory expertise of a specialist Chinese asset manager will be of great benefit to our clients. I have every confidence this will be a highly-rewarding partnership and I look forward to sharing more details on our joint activity in due course.”
Ping An Insurance Overseas Holding chairman Hoi Tung added: “This strategic relationship marks the beginning of our successful transformation to becoming a truly third-party asset manager from purely managing our in-house insurance capital by leveraging our strength in local market knowledge and investment expertise.”
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