Fullgoal Asset Management (HK) has appointed Deutsche Bank as its custodian and fund services provider for two new accounts under China’s offshore investment scheme.
As part of this mandate, Deutsche Bank’s Investor Services business will assist Fullgoal Asset Management with fund administration, transfer agency and master custody in Hong Kong.
It will also provide sub-custody and reporting services for Fullgoal’s funds under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
“The Bank’s strong support, local expertise in both Mainland China and Hong Kong, as well as its level of service were important factors in this decision”, says Michael Chow, managing director at Fullgoal Asset Management.
Deutsche Bank Wins RQFII Mandate
Fullgoal Asset Management (HK) has appointed Deutsche Bank as its custodian and fund services provider for two new accounts under China’s offshore investment scheme.