Barings Asset Management has mandated HSBC in principle for its planned fund launch in Hong Kong in 2015.
HSBC will act as administrator, custodian, trustee and transfer agent for the fund range, which is awaiting regulatory approval.
“Initially we plan to launch a focused range of locally domiciled funds in Hong Kong, drawing on our deep pool of asset management expertise,” stated Gerry Ng, CEO of Barings Asset Management in Asia, excluding Japan.
“The development of a local fund range also positions us to take advantage of the anticipated platform between Hong Kong and China and the increased demand for locally domiciled funds that we expect to follow.”
Barings Asset Management manages assets in excess of $14.4 billion, with $3.7 billion of that in China.