Deutsche Bank has been appointed the local custodian in Mainland China by BEA Union Investment Management.
Under the mandate, Deutsche Bank will provide custody services for BEA Union Investment’s RQFII investments, China’s offshore Renminbi institutional investment scheme.
BEA Union Investment, a joint venture formed in 2007 between the Bank of East Asia of Hong Kong and Union Asset Management Holding of Germany, serves institutional and pension fund clients.
“With the opportunities that the development of the securities market in Mainland China presents, our aim is to increase our investments via the QFII and RQFII schemes. We are pleased to have chosen Deutsche Bank as custodian for our RQFII investments,” says Rex Lo, managing director, BEA Union Investment Management.
The mandate comes two months after Fullgoal Asset Management selected Deutsche Bank as its custodian and fund services provider for its RFQII investments.
BEA Union Awards Deutsche Bank China Custody Mandate
Deutsche Bank has been appointed the local custodian in Mainland China by BEA Union Investment Management.
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