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Schroders' Asia Expansion Continues

Tom Burroughes

28 May 2019

A quarter of a century after opening a representative office in mainland China, UK-listed investment and wealth management house has unveiled a new, larger office in Shanghai and rolled out three new funds. The move adds to expansion across Asia by the firm.

Schroders’ new office is located in the Shanghai World Financial Centre in the city’s financial and business district.

The firm has also launched Schroder PFM China Equity Alpha Youxuan No.1; Schroder PFM China Credit Bond No.1  and Schroder PFM China Macro Bond No.1, bringing the total number of private funds on offer to four.

“Since starting our China business 25 years ago, we have established ourselves as a trusted expert on global investments for our mainland Chinese clients, and as an experienced China investor for global clients. Our innovative heritage has played an important role in our China buildout, from taking first-mover advantage on our service offerings to product innovation. We will continue to enhance our China capability to ensure we stay relevant to domestic and international investors," Lieven Debruyne, chief executive, Asia-Pacific at Schroders, said.

The London-based firm has been busy in Asia recently, and in April it told this publication that it intends to explore other distribution partners for its behavioural finance know-how, having recently rolled out investIQ with US banking giant Citibank. In February this year, Schroders bought Singapore-based independent asset manager Thirdrock. Last December, Schroders launched the investIQ offering with Ant Fortune, a subsidiary of Ant Financial Services, the affiliate business of China's Alibaba.

Across its entire business, Schroders oversaw £421.4 billion ($$536.7 billion) as at the end of last year.