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Buxton's Merian eyes China as it strikes deal with Asian giant

Buxton's Merian eyes China as it strikes deal with Asian giant

Merian Global Investors is targeting the Chinese market after signing a memorandum of understanding with the asset management arm of Chinese company Ping An, the world’s largest insurer.

Under the agreement, both firms will work together to seek out opportunities in fund distribution, marketing and investment advisory, which will include knowledge-sharing and training.

The two asset managers have already worked together, with management of the Merian China Equity fund outsourced to Hong Kong-based Ping An Asset Management in March 2018.

Ping An Asset Management has assets under management of more than £300 billion as of June 2018.

Richard Buxton (pictured), CEO at Merian Global Investors, said: ‘Growing our presence in Asia is one of our core strategic aims and the opportunity to partner with one of China’s largest and most respected financial services businesses is incredibly exciting.

‘We believe that access to the local knowledge and investment advisory expertise of a specialist Chinese asset manager will be of great benefit to our clients.’

Andrew Heyn, British consul general to Hong Kong and Macao, said the partnership shows the ‘developing interest’ between British and Chinese corporations to work together.

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