Mandate watch: BNY Mellon and Citi lead the way in China

deal-handshake

BNY Mellon has been selected by the Industrial and Commercial Bank of China as global custodian for a new S&P 500 index qualified domestic institutional investor (QDII) fund in China launched by Bosera Asset Management in the second quarter of this year. ICBC is the domestic custodian for the fund. Bosera is based in Shenzhen and has more than $28.7 billion in assets under management.

“As China continues its move towards internationalisation of the renminbi, it is likely that there will be broad

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: