Swiss asset manager GAM taps Hong Kong's SHK & Co to grow China business

Sun Hung Kai & Co

18/07/2024 10:41

By Summer Zhen
       HONG KONG, July 18 (Reuters) - Swiss asset manager GAM
Investments announced a strategic alliance with Hong Kong-based
alternative investment firm Sun Hung Kai & Co to boost business
and clients across Greater China.
    Under the alliance, which is announced on Thursday, Hong
Kong-listed Sun Hung Kai & Co  0086.HK  will help distribute and
service GAM's funds in Hong Kong, mainland China, Taiwan and
Macau. 
    GAM said their commitment to Greater China is "steadfast". 
    Although China's economy is facing certain challenges,
Rossen Djounov, global head of client solutions at GAM
Investment, said "China will be continuously winning in certain
areas".
    GAM will also offer global investment opportunities to local
entrepreneurs, he added. 
    The two firms also said they would co-launch a product
investing in the private market in the third quarter, without
providing further detail. 
    

 (Reporting by Summer Zhen; editing by Jason Neely)
 ((summer.zhen@thomsonreuters.com; 852-3462-7739;))