Neuberger Berman Announces Opening of Investment Management Wholly Foreign Owned Enterprise in Shanghai
The launch of the Wholly Foreign Owned Enterprise (WFOE) allows Neuberger Berman to operate an onshore investment management business in China, subject to registration with Asset Management Association of China.
“operate an onshore investment management business in China.”
After the registration is complete, the firm is then able to manage and distribute private funds to a broader spectrum such as private banks, independent wealth management platforms and local institutions.
News Source: Reuters
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. From offices in 29 cities worldwide, Neuberger Berman manages a range of equity, fixed income, private equity and hedge fund strategies on behalf of institutions, advisors and individual investors worldwide. With more than 500 investment professionals and over 1,900 employees in total, Neuberger Berman has built a diverse team of individuals united in their commitment to client outcomes and investment excellence.
- Origin: New York City, America
- Assets Under Management: ~ US$250 billion
- Employees: 1,900
Original Website: http://www.nb.com
News & Media: Press Release
Updated on 8th August 2016