Aegon AM signals China WFOE intention with Shanghai MoU

Shanghai_skylineAegon Asset Management has taken its first steps towards setting up a wholly foreign-owned enterprise (WFOE) in China’s free trade zone after signing a memorandum of understanding (MoU) with the Shanghai Lujiazui Administration Bureau. The agreement will allow Aegon to sell offshore investment products and services to domestic Chinese institutions and high net-worth investors. According to a statement by the asset manager, the deal will jointly support Shanghai Lujiazui Administration Bureau’s “build-up of a global asset management centre.” "As signatories we will be one of an early group of global asset managers able to bring world class investment strategies to the domestic Chinese high net-worth and institutional market," said Martin Davis, head of Aegon Asset Management Europe. A WFOE in Shanghai would give Aegon Asset Management a deeper foothold in the region, in particular with Aegon Industrial Fund Management Company (AIFMC), a Chinese joint venture established in 2008. ©2019 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...


Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.


Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.