arrest-doesnt-hinder-huaans-lehman-connection

Arrest doesn't hinder Huaan's Lehman connection

The arrest of a senior executive at Huaan Fund Management linked to the Shanghai pensions scandal may be a cautionary tale with a silver lining.
Lehman has shrugged off concerns over doing business in China following the imprisonment of its Shanghai-based business partnerÆs general manager.

Lehman, which paired up with Huaan Fund Management to develop ChinaÆs first qualified domestic institutional investor QDII mutual fund earlier this year, would not comment specifically on the detention of Han Fanghe, HuaanÆs general manager, in the aftermath of the much-publicised investigation of corruption in ShanghaiÆs social security system. According to Huaan, Han was arrested for personal relationships. Lehman says, however, that the arrest does not present it with a reputational risk.

ôOur relationship with Huaan is in the form of a commercial relationship,ö a Hong Kong-based spokesperson at Lehman says. ôIt is not...
¬ Haymarket Media Limited. All rights reserved.

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