Schroders partners with local bank in China push

Schroders has announced it is entering into a long-term strategic agreement with China's Bank of Communications (BOCOM) to further accelerate its business in the world's second largest economy. The deal seeks to develop asset and wealth management products for Chinese clients, as well as collaborate in the areas of distribution. The relationship between Bank of Communications and Schroders started in 2005 with the establishment of a joint venture company, Bank of Communications Schroder Fund Management Co., Ltd. The extended agreement includes the cooperation in public and private ...