JP Morgan Asset Management Received China Approval to Rename $19 Billion China International Fund Management to Morgan Fund Management China, First Foreign Fund Manager in China Mainland to Rebrand
15th April 2023 | Hong Kong
JP Morgan Asset Management has received China approval to rename previous joint venture China International Fund Management with $19 billion AUM (Assets under Management, 2023 Q1) to Morgan Fund Management China, becoming the first foreign fund manager in China Mainland to rebrand (effective 10th April 2023). In 2023 January, JP Morgan Asset Management had received approval to fully acquire the joint venture founded in 2004. More info below.
“ JP Morgan Asset Management Received China Approval to Rename $19 Billion China International Fund Management to Morgan Fund Management China, First Foreign Fund Manager in China Mainland to Rebrand “
JP Morgan Asset Management Received China Regulatory Approval to Fully Acquire China International Fund Management with $24 Billion AUM
21st January 2023 – Securities Regulatory Commission, CSRC) to fully acquire China International Fund Management (CIFM) with around $24 billion AUM (Assets under Management, CNY 170 billion). Both JP Morgan Asset Management and China International Fund Management (CIFM) had setup the joint venture 18 years ago, and with the acquisition by JP Morgan Asset Management, China International Fund Management will operate under the brand of JP Morgan Asset Management. China International Fund Management CEO Eddy Wong will become JP Morgan Asset Management China CEO and will report to JP Morgan Asset Management APAC CEO Dan Watkins. In 2022, JP Morgan Asset Management reported AUM of around $2.3 trillion (Sept 2022).
JP Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $2.3 trillion (as of Sept 30, 2022), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Asset Management is the marketing name for J.P. Morgan Investment Management Inc. (“JPMIM”), the asset management businesses of JPMorgan Chase & Co. (NYSE: JPM) and its affiliates worldwide.
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