Pimco gains licence to set up Taiwan unit

Taipei_dragonsFixed income specialist Pimco has received a licence from the Taiwanese authorities to set up an onshore entity in Taipei. The Pimco unit, which will function as a securities and investment consultant enterprise, intends to act as master agent for 13 Pimco funds that are registered for sale in the country. “Building our onshore presence in Taiwan directly aligns with Pimco’s global distribution strategy and speaks to the firm’s commitment to growing our Asia presence,” said Michael Thompson, head of Asia. Mitch Wang has joined the firm as general manager of Pimco Taiwan. He was previously employed as the local head of the intermediary business for Fidelity International's asset management operation in Taiwan. The new Pimco unit is expected to onboard the responsibility for the 13 funds from the current master agent, Allianz Global Investors Taiwan, some time this year subject to regulatory approval. ©2018 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.

Hong Kong roundtable: Increasing China’s prominence as an asset class

Mar 04, 2021

Our line-up of experts in Hong Kong considers the importance of fixed income ETFs, sustainability and the prospects of increasing China in the indices. Chaired by Romil Patel.