OppenheimerFunds opens in Hong Kong

The mutual funds company registers its first products outside of the US.

OppenheimerFunds, a $150 billion asset management company based in New York City, has just opened its first non-US office in Hong Kong, where it intends to break into the mutual fund business.

Lavin Mok, its Asian managing director, established the office last year and has just overseen the registration of 11 of its US funds with Hong Kong authorities. Mok was previously head of retail sales at Invesco, and also served as marketing manager at AXA Asset Management.

The firm was established in 1960 and now says it is America's eighth-largest mutual funds company. In 2000 its management decided to move away from being a domestic mutual funds company and...

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