China’s CIFM appoints new fixed income manager

03 September 2014   Category: News, Asia, China, Global   By Hui Ching-hoo

China International Fund Management (CIFM), a joint venture between JP Morgan Asset Management and Shanghai Trust, has named Nie Shuguang, former head of fixed income at Zhong Ou Asset Management, as its fixed income fund portfolio manager.

CIFM said in a statement that Mr. Nie would oversee the CIFM Pure Bond Securities Investment Fund, effective August 29.

Mr. Nie held various positions at Zhong Ou between 2009 and 2014, including analyst, assistant fund manager, portfolio manager, and director of the fixed income division. Before that, he served at Bank of Nanjing as a fixed-income analyst.

According to finance website hexun.com, CIFM is ranked the 19th largest fund manager among 84 market players in China’s mutual fund industry, with total AUM of around 40.4 billion RMB (US$6.46 billion).