$1.3 Trillion Morgan Stanley Investment Management Receives China Approval for Full Ownership of China Mutual Funds Joint Venture Morgan Stanley Huaxin Funds, Increases Stake from 49% to 100%
9th February 2023 | Hong Kong
Morgan Stanley Investment Management (IM) with $1.3 trillion AUM (Assets under Management), has received China approval (China Securities Regulatory Commission, CSRC) for full ownership of China mutual funds joint venture Morgan Stanley Huaxin Funds, increasing its stake from 49% to 100%. Morgan Stanley IM: “Headquartered in Shenzhen, Morgan Stanley Huaxin Funds became a joint venture in June 2008. The company provides diversified investment management services to retail and institutional clients through mutual funds and segregated management accounts, including fixed income, active equity, quantitative equity, and multi-asset investment. With over a decade of experience investing in the domestic market, the company has built a dedicated investment and research team deeply rooted in China, strengthened by Morgan Stanley Investment Management’s global expertise and risk management … … The equity step-up is subject to business registration and other procedures required by Chinese regulatory entities. Upon completion Morgan Stanley Investment Management will have increased its stake in Morgan Stanley Huaxin Funds from 49% to 100%.”
“ $1.3 Trillion Morgan Stanley Investment Management Receives China Approval for Full Ownership of China Mutual Funds Joint Venture Morgan Stanley Huaxin Funds, Increases Stake from 49% to 100% “
Gokul Laroia, CEO of Asia at Morgan Stanley: “The Firm has been active in China for almost three decades and we are committed to our goal of building a fully integrated financial services firm to meet the evolving needs of domestic and global clients. Today’s announcement is an important strategic milestone along this path. With high levels of wealth creation, growing demand for financial advice, and with the launch of a private pension scheme, we see long-term opportunities in China’s asset management industry”
Gokul Laroia is CEO of Asia Pacific for Morgan Stanley, Co-Head of Global Equities and a member of the firm’s Management Committee. Over a career at Morgan Stanley spanning more than 20 years, Laroia has held a number of leadership positions across the region, heading up the firm’s Mergers & Acquisitions, Capital Markets and Investment Banking divisions before assuming his current role in 2014.
$1.3 Trillion Morgan Stanley Investment Management Receives China Approval for Full Ownership of China Mutual Funds Joint Venture Morgan Stanley Huaxin Funds, Increases Stake from 49% to 100%
Morgan Stanley Investment Management (IM) has received China approval (China Securities Regulatory Commission, CSRC) for full ownership of China mutual funds joint venture Morgan Stanley Huaxin Funds, increasing its stake from 49% to 100%.
Morgan Stanley IM: The equity step-up is subject to business registration and other procedures required by Chinese regulatory entities. Upon completion Morgan Stanley Investment Management will have increased its stake in Morgan Stanley Huaxin Funds from 49% to 100%.
Headquartered in Shenzhen, Morgan Stanley Huaxin Funds became a joint venture in June 2008. The company provides diversified investment management services to retail and institutional clients through mutual funds and segregated management accounts, including fixed income, active equity, quantitative equity, and multi-asset investment. With over a decade of experience investing in the domestic market, the company has built a dedicated investment and research team deeply rooted in China, strengthened by Morgan Stanley Investment Management’s global expertise and risk management.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,200 investment professionals around the world and $1.3 trillion in assets under management or supervision as of December 31, 2022. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions, and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
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