Gordian Capital expands into China
Asia’s institutional alternative funds platform expands into China with the launch of a new Shanghai Rep Office.
Gordian Capital today announced the establishment of a Shanghai Representative Office to support its growing number of clients in mainland China. Gordian Capital’s client base in China currently includes an asset manager with AUM of USD16 billion, a wealth management group that manages USD15 billion for High Net worth Individuals and a large private corporation with USD12 billion of assets. Gordian Capital, on behalf of these three clients, has structured, launched and is currently operating offshore fund vehicles to assist these firms expand outside China and to diversify both their client and asset base.
LU Shuai, a native of Hangzhou who currently heads the trading operations at Gordian Capital Singapore, and Mark Voumard, Director of Gordian Capital and CEO of Gordian Capital Singapore, have been appointed as Chief Representative and Authorised Representative respectively of the Representative Office.
“As we grow our footprint in Asia, China has become a very important market for us” said Stanley Howard, Director of Gordian Capital and Chairman of Gordian Capital Singapore. “Whilst the recently announced liberalisation measures are intended to grow the domestic Chinese market and attract foreign participants, our focus initially at least, continues to be to assist those Chinese financial market participants seeking to diversify both their investor and asset bases outside of China.”
Mark Voumard commented: “Our deep experience since 2005 in launching over 40 fund vehicles, 28 SPV’s and a number of managed accounts, combined with our highly experienced team of native Mandarin speaking staff in Singapore and our newly established representative office in Shanghai, puts us in a very competitive position to provide bespoke, value added services at an institutional level to our clients in China.”
Whilst initially a Representative Office, the Shanghai entity is expected to become a Wholly Foreign-Owned Enterprise with additional plans for a Beijing presence over time.
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