Schroders receives permission to form Schroder BOCOM Wealth Management in Mainland China
Schroder Investment Management Limited has received regulatory permission to establish Schroder Bank of Communications Wealth Management Co., Ltd. (“Schroder BOCOM Wealth Management”) in Shanghai with BOCOM Wealth Management Co., Ltd (“BOCOM Wealth Management”). The proposed entity is the third wealth management joint venture partnership having received such regulatory permission, and the latest collaboration between Schroders and Bank of Communications (“BOCOM”) since the establishment of BOCOM Schroder Fund Management Co., Ltd in 2005.
