Manulife Asset Management Taiwan appoints Deutsche Bank as fund administrator
28 May 2013
News, China, Global, Taiwan
By Asia Asset Management
Deutsche Bank announced on Monday (May 27) that it has been appointed fund administrator by Manulife Asset Management Taiwan for two new bond funds with multi-currency share classes, which include offshore RMB. Manulife Asset Management Taiwan says it is the first institution to offer such funds to retail investors onshore in Taiwan.
Brian Hsieh, general manager of Manulife Asset Management Taiwan, said: “We are pleased to have chosen Deutsche Bank. It was important to us to choose a fund administration partner that understands our business and has the scale and technology to support our present and future needs. We are very proud to be the first to offer multi currency-denominated funds with an offshore RMB share class in Taiwan.”
Tim Liu, Greater China head of direct securities services, global transaction banking at Deutsche Bank, added: “We are delighted to be appointed fund administrator by Manulife Asset Management Taiwan for its two new offshore RMB-denominated bond funds. Delivering what is relevant to the markets and to our clients is at the core of our service offering. We are also able to offer a high degree of flexibility and customisation to meet our clients’ needs. We look forward to continuing to work with Manulife Asset Management Taiwan.”
Part of its global transaction banking division, Deutsche Bank’s Direct Securities Services business has approximately €1.5 trillion (US$1.94 trillion) of assets under custody globally and an operational presence in 33 global markets − 14 of which are in Asia.
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