ICBC Credit Suisse set to launch Hong Kong arm
The firm is to open its international arm next week with a staff of four and is on a recruitment drive to build a base in the city. It comes after ICBC increased its shareholding in the JV late last year.
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Chinese joint venture ICBC Credit Suisse Asset Management is set to launch its international fund management arm in Hong Kong next week, with an official opening ceremony scheduled for March 8, a Beijing-based insider tells AsianInvestor.
The firm obtained its Type 4 (advising on securities) and Type 9 (asset management) business licences from Hong Kong’s Securities and Futures Commission (SFC) last November.
ICBC Credit Suisse Asset Management (International) will commence with…
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