Merian Global Investors has teamed up with Ping An Asset Management in a new partnership joinging together expertise.
Both businesses have signed a memorandum of understanding to mark the formal commencement of its new “strategic partnership” which aims to bring together skills to benefit both organisations and end clients.
Ping An had already been used by Merian, formerly Old Mutual Global Investors, as an outsourced investment advisory service for the management of the £42.5m Merian China Equity fund.
Under the terms of the memorandum, both parties will work together to explore business development opportunities in fund distribution, marketing and the investment advisory space including knowledge sharing and training.
Merian chief executive Richard Buxton says growing the firm’s presence in Asia is one of his core strategic aims.
He says: “We believe that access to the local knowledge and investment advisory expertise of a specialist Chinese asset manager will be of great benefit to our clients. I have every confidence this will be a highly-rewarding partnership and I look forward to sharing more deails on our joint activity in due course.”