Two mandates make the custodian the first foreign bank to execute deals in both domestic mutual fund and WFOE segments.
Northern Trust has promoted a 15-year Chinese client relationship manager to the role, marking its latest appointment for the APAC and North Asia regions.
New head of China for Apex joins from TMF Group, as the securities service provider continues to bolster its team in APAC.
The move comes as international investors look to significantly increase their access to China’s $13.9 trillion bond market.
New public mutual fund launches in China totalled $163 billion (RMB 1.07 trillion) in the first quarter of the year.
The move by Daiwa AM could revitalise investment activity conducted on the China-Japan ETF Connectivity scheme.
Emerging markets are attracting increased securities lending activity from international investors as beneficial owners seek new revenue streams, and positive developments in China and Saudi Arabia are fuelling this further, according to Adnan Hussain, global head of securities lending at HSBC.
The mandate win for one of China's largest investment firms follows BNP Paribas Securities Services’ recent build-out of its ETF capabilities.
Launched in December, Yulan bonds provides Chinese issuers to gain direct exposure to a wider foreign investor base and access a deeper liquidity pool.
The hire will aid TMF Group's goal of developing and maintaining its funds network of and business development opportunities in China.