News

CSOP appoints Citi to service Hong Kong ETF

ETF dice 1China-based CSOP Asset Management has mandated Citi to service its first Hong Kong ETF to be launched under the open-ended fund company (OFC) regime. The OFC framework was introduced in Hong Kong in July 2018. Its variable capital structure enables investors to enter and exit a fund more easily than fixed capital structures. The move also brought Hong Kong more in line with other jurisdictions such as Europe where the OFC regime has been in place for some time, such as the Irish collective asset management vehicle. Citi will provide custody, fund administration and trustee services to the CSOP STAR 50 Index ETF. According to CSOP AM chief executive, Ding Chen, the selection of Citi was partly due to its track record of servicing OFC ETFs in the region. The mandate coincides with Citi’s appointment of Mark England as Asia Pacific custody and fund services head of sales. Based in Hong Kong, England has returned to Citi after a five-year spell at State Street where he was head of APAC client relationship management. © 2021 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...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

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.