InvestmentsOct 23 2018

Merian targets China for expansion

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Merian targets China for expansion

Merian Global Investors, the firm formerly known as Old Mutual Global Investors, intends to increase its distribution into Asia as part of an expansion.

The firm, headed up by chief executive and fund manager Richard Buxton, has signed a partnership agreement with Ping An Asset Management.

Mr Buxton and colleagues completed a buyout of the firm from parent company Old Mutual earlier this year.

Merian Global Investors wants to work with Ping An to explore business development opportunities in the fund distribution, marketing and investment advisory space, including knowledge sharing and training.

The firm already outsources the management of its Merian China Equity fund to Ping An, a decision it took in March 2018.

Mr Buxton 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.

"I have every confidence this will be a highly-rewarding partnership and I look forward to sharing more details on our joint activity in due course."

david.thorpe@ft.com