China's E Fund Signs LOI with Dutch APG
GUANGZHOU, China, June 27, 2016 /PRNewswire/ -- The leading Chinese asset management company, E Fund Management, recently signed a Letter of Intent with one of the largest European pension funds providers, APG, to explore a long-term strategic alliance.
The two leading asset management institutions in China and the Netherlands will leverage on each other's expertise by exchanging information in the areas of pension administration, asset management and ICT. Both institutions believe that such leverage will contribute to the deepening of insight in respect of various pension systems and designs including supporting technologies thereto. Furthermore, the alliance is likely to enhance their ability to gain and strengthen access to both local and global investment markets.
Eduard van Gelderen, CIO of APG, said, "We are excited about the cooperation with E Fund, given China is continuously opening the market both inbound and outbound. We believe there are a lot of initiatives we could do together."
Sau Kwan, President of E Fund, also stated, "We see a lot of potential synergy for both E Fund and APG working together, which will benefit not just ourselves, but also the industry and our investors as a whole. We are looking forward to transforming the good intention from both sides into actions and yielding tangible results in a very foreseeable future."
About APG
APG administers pensions and manages pension assets of one of every five Dutch families. It invests 424 billion Euros of pension funds as fiduciary/pension manager, which has made the company the largest pension manager in Europe and one of the largest fiduciary managers worldwide. APG operates globally with offices in the Netherlands (Amsterdam and Heerlen) and subsidiaries in Hong Kong and New York, with more than 2,200 highly qualified employees in the pension administration and the asset management environment.
About E Fund
E Fund is a leading Chinese asset manager which provides a full spectrum of services. It leads positions in mutual funds, pension funds and segregated account businesses in China. The company is headquartered in Guangzhou, China and has offices in Beijing, Shanghai and other major cities across the nation. It also has subsidiaries in the US and Hong Kong. As of the end of 2015, the total assets managed by the company have exceeded RMB 960 billion. It has been ranked among the top five fund management companies in China over the last ten consecutive years.
SOURCE E Fund
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