Chris Ryan helped ING Investment Management forge a fund management joint venture in China, the climax of his two-year work as the firm's regional director for North Asia. Now he is being rewarded on two fronts the joint venture just enjoyed a blockbuster launch for its first product, and Ryan has been promoted to CEO of ING-IM in Hong Kong.
ING's joint venture with China Merchants Securities, called China Merchants Fund Management CMFM, was established at the end of last year. The China Merchants Antai Open-ended Securities Series has raised over Rmb4.5billion $540 million since its launch on 17 March, far in excess of the target of Rmb2.5 billion.
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