Frank Kusse, Asia-Pacific CEO at ABN Amro Asset Management, spoke with FinanceAsia in the wake of the firm's announced joint venture plans with Beijing-based Changsheng Fund Management.
FinanceAsia Under China's agreement with the World Trade Organization, foreign fund managers will initially be allowed to take a 33% stake in a fund management joint venture. Is this the stake ABN Amro will take
Frank Kusse It is not 33% per se, but the maximum extent allowed. The regulators may allow more over a series of stages.
When will the JV go live
No later than three months after China establishes the regulations to govern these agreements. But we do not know when that will...