Aberdeen Standard Investments names new China head

Amy Wang (pictured), previously head of Greater China institutional business at Pioneer Investments, will join next month as general manager of the firm’s wholly foreign-owned enterprise (WFOE) – Aberdeen Asset Management – in Shanghai.

Aberdeen Standard intends to apply for the Qualified Domestic Limited Partnership (QDLP) program – which allows foreign fund managers to raise money from Chinese high-net-worth individuals and invest overseas – as well as to seek Private Securities Fund Management (PSFM) registration to operate the business in China, it said in a statement.

Aberdeen and Standard Life merged in June, creating one of the largest global asset managers with a total of $758 billion assets under management. The combined firm offers clients a wide range of investment products including equities, fixed income, multi-asset, real estate and alternative solutions in developed and emerging markets. Aberdeen itself bought FLAG Capital Management in 2015 in an effort to increase its exposure in private equity. 

"Amy's deep knowledge and experience of the regulatory as well as market environment will be a benefit as we look to strengthen both our existing relationships with clients in China and build new ones – particularly among sovereign funds, financial institutions, and insurance firms,” said Alexis Ng, head of Asia distribution at Aberdeen Standard Investments.

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• Topics
• Greater China
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• LPs
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• Aberdeen Asset Management