SHANGHAI, June 12, 2017 /PRNewswire/ -- China, Shanghai-headquartered broker-dealer and investment house, Mason Baxter, has formally announced that the funds it oversees on behalf of institutional and private clients have surpassed the $5 billion mark for the first time.
The firm, which recently announced plans for expansion of its wealth management operations within the Asia-Pacific region, said the achievement of the milestone was "a testament to the value of the time-honored values of hard work and commitment."
A senior manager at Mason Baxter said that the landmark marked the firm's ascension to what he described as the "premier league" of investment and wealth managers in the Asia Pacific region and revealed that the firm would shortly be announcing a raft of new measures aimed at increasing its share of the institutional investment market in both its home market and further afield.
"Reaching this milestone signifies our entry into a very small group of independent wealth and investment managers in our region. That we have managed to achieve this on our own without riding on the coattails of a large U.S. or European partner or as a subsidiary of one of the large Asian banking groups makes it that much more gratifying," the manager added.
The firm has spent much of the last year developing a solid presence in the private client market segment in Shanghai where it is experiencing significant growth but it has also made substantial headway within the institutional investment sector and this has provided a significant boost to funds under management.
"We are confident that this year will be hallmarked by further growth thanks to the excellent value for money that emerging market equities represent compared to their U.S. counterparts. In the coming weeks and months, we intend to offer a number of compelling incentives to the institutional investor market that we believe will increase our representation in the market significantly," added the Mason Baxter manager.
Business News China
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SOURCE Mason Baxter