DWS has announced an asset management strategic alliance with BOCHK Asset Management (BOCHKAM), in a bid to enhance the Hong Kong offering for investors in the region.
DWS is set to benefit from BOCHKam’s distribution reach in Hong Kong, as well as its product development and servicing offering, whilst leveraging its existing capabilities across active, passive, alternatives, and bespoke solutions.
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Vanessa Wang, head of APAC and head of client coverage APAC at DWS, highlighted how the move fits into the firm’s overall strategy: “This collaboration further strengthens DWS’ ambition to grow our institutional, wealth management and retail solutions platforms in Hong Kong. In the last few years, DWS has made significant progress in Asia Pacific. This is augmented by the expanded footprint and increasing number of new strategic alliances and partnerships, as well as the deepening of existing relationships with our partners.
“Our latest strategic alliance with BOCHKAM exemplifies our growth ambitions in key APAC markets where we synergistically work with like-minded partners to deliver the best outcomes for our clients and stakeholders.”
Speaking in an announcement, DWS highlighted the large potential Hong Kong represents in terms of its investment market, with this move part of its pursuit of establishing a stronger foothold through a strategic alliance.
BOCHKAM’s knowledge of the market as one of the fastest growing asset managers in the region will be leveraged to best serve local clients.
SHEN Hua, chief executive at BOCHKAM, said: “We are very delighted to forge a strategic alliance with DWS, one of the top asset managers with extensive investment experience globally. By combining each other’s strengths, this alliance will position both companies well to develop innovative investment strategies that are closely aligned with the evolving needs of investors, resulting in superior outcomes for our clients.”