Bank of Communications and Schroders commit to long-term strategic agreement with expanded client offering
Strategic cooperation agreement aims to accelerate business growth and better serve clients in China
Schroders is today announcing the entering into a long-term strategic agreement with Bank of Communications that covers a broad area of client services and solutions including distribution, management and development of products in asset and wealth management.
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. Today’s announcement is testament to the successful partnership both firms have enjoyed, the extended agreement now includes the cooperation in public and private fund management products, innovative product development, domestic and cross-border business cooperation, pension, private banking, operations, financial technology, training and knowledge exchange between both firms.
Schroders was one of the first foreign asset managers to enter China 25 years ago. Today the business is a well-established trusted expert on global investments for our mainland Chinese clients and is an experienced China investor for global clients. Schroders’ partnership with Bank of Communications reinforces our commitment to invest in one of the world’s fastest growing economies, further accelerating business growth and enhancing our reputation as a credible player in China.
Lieven Debruyne, Chief Executive Officer, Asia Pacific, Schroders said:
“China is an important part of Schroders’ global strategy, both as a source and destination of capital. We have been investing heavily; establishing strategic partnerships and enhancing our China investment capability with skilled on-the-ground investment and research professionals.
“Bank of Communications has been a valuable partner to us and with the deepening of our relationship; we will continue enhancing our China capabilities and expanding our presence to better serve our mainland Chinese clients and international investors.”
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