UK fund house Schroders will increase investment and headcount in Hong Kong after being acquired by US asset manager Nuveen, according to Schroders’ global CEO. “Hong Kong is a critical interface for mainland China through schemes like Wealth Management Connect,” Richard Oldfield said in an online interview with the South China Morning Post on Friday. The scheme, launched in 2021, allows investors in the Greater Bay Area to buy wealth-management products across borders. Underpinning Schroders’...
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