Deutsche assists with brand new Taiwanese funds 28 May 2013Taiwan Reporter: Georgina Lavers
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Manulife Asset Management in Taiwan has called on Deutsche Bank to act as fund administrator for its two new bond funds with multi-currency share class, which includes offshore RMB.
The asset manager is the first to offer such funds to retail investors onshore in Taiwan.
Brian Hsieh, the general manager of Manulife Asset Management Taiwan said: “We are pleased to have chosen Deutsche Bank. It was important to us to choose a fund administration partner that understands our business and has the scale and technology to support our present and future needs."
“We are very proud to be the first to offer multi currency-denominated funds with an offshore RMB share class in Taiwan.”
??Part of its global transaction banking division, Deutsche Bank’s direct securities services business has approximately €1.5 trillion of assets under custody globally and an operational presence in 33 global markets—14 of which are in Asia.
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