The German asset manager has enlisted an ex-Mercer executive for the newly created leadership role and appointed a new head of multi-asset in Shanghai.
Foreign institutions applying for a mutual fund management company (FMC) licence face far more stringent requirements than private fund management permissions.
As its institutional asset base in Asia grows, the Scottish fund house has located a dealing duo in the region after launching an onshore China business late last year.
The Dutch retirement asset manager is hiring investment staff for its first branches in Beijing and Shanghai in a pioneering move as it ramps up its expansion drive in Asia.
The Scottish fund house has put a general manager and investment director in Shanghai, as well as a new Asia intermediaries executive in Hong Kong.
The US fund house has poached a senior executive from its rival in Shanghai as foreign firms continue their battle for talent to expand their capabilities in China.
Online sales of funds in China are disrupting the dominance of commercial bank distribution but the latest tie-up between two giant firms has limited scope, say some analysts.
Many foreign fund managers are pinning their China distribution strategies on the WFOE scheme. But the programme's limitations pose familiar problems for scaling the business.
Chinese regulators are putting up unnecessary barriers to fund managers wanting to take advantage of mutual recognition of funds between Hong Kong and the mainland, believe industry experts.
The path to foreign control of domestic Chinese fund businesses isn't smooth, as those now applying for majority share licences are finding out. The US trade war isn't helping either.
Industry veterans formerly at AllianceBernstein and Axa Investment Managers have taken up the respective roles, as the mainland talent merry-go-round continues.
Foreign asset managers are busy debuting onshore China products through their local units but hedge funds are in no rush to do so, thanks to high hurdles and low demand, say experts.