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Towards the end of 2002, CITIC Capital Markets entered the retail mutual funds business in Hong Kong. It would rely on CITIC Ka Wah Bank and Cargary Securities to act as its distributors. Around this time, Zhang Yichen moved from CITIC Pacific to join the firm as deputy CEO and would oversee the new business strategy.
Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, the total group’s client assets exceed US$550 ...
It later became known as Mutual Life & Citizens Assurance Company Limited. In 1982, Lend Lease acquired 50% of MLC Life Limited and in 1985 acquired the balance of the company. MLC's multi-manager, multi-style investment philosophy was introduced in 1986.
China's plan to turn the Greater Bay Area into a hub for wealth management products will help turbocharge Hong Kong's fund industry, giving it an invaluable edge in warding off challenges from ...
Citigroup has set a target to hire 1,000 wealth professionals in Hong Kong in the next five years, as it seeks to grow its Asian client assets under management by $150 billion following a record ...
The Wellington Management Foundation, a charitable fund with an educational focus, was founded in 1992. Through its annual grant-making program, the Foundation currently supports programs and organizations in nine regions, including Philadelphia, that improve the education and educational opportunities of economically disadvantaged youth. [14]
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