pictet-gets-qfii-green-light

Pictet gets QFII green light

The asset management division of the Swiss private bank receives foreign institutional investor approval by China's regulators.
Global appetite for investing in China and a desire to break away from a reliance on brokers are the key motivations behind PictetÆs successful attempt to obtain a qualified foreign institutional investor license.

Although the size of the mandate will not be revealed for several months, Pictet Asset Management executives say the awarding of a mandate in principle by the China Securities Regulatory Commission is evidence that the firm is serious about its expansion ambitions in Asia-Pacific.

ôThe State Administration of Foreign Exchange decides how large the mandate is,ö explains Amy Cho, PictetÆs recently appointed head of institutional marketing in Asia-Pacific. ôOnce it does we are going to bring it to bear on our Asian...
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