Merian Global Investors has signed a strategic partnership with a subsidiary of China’s largest insurance company in a move aimed at distributing its funds in Asia.
The deal, signed on Tuesday, will allow Hong Kong-based Ping An of China Asset Management to distribute Merian’s funds in China as well as to use its expertise on the European market to expand overseas.
Merian Global Investors began working with Ping An earlier this year to manage the Merian China Equity Fund.
Under the terms of the deal, both parties will aim to work together to explore business development opportunities in the fund distribution, marketing and investment advisory space, including knowledge sharing and training.
Richard Buxton, CEO of Merian Global Investors, comments: “We’re thrilled to have entered into a new alliance with Ping An Asset Management (Hong Kong). 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.”
Mr Hoi Tung, Chairman, Ping An Insurance Overseas Holding adds: “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.”