DWS and BOCHK Asset Management form Strategic Alliance in Asset Management
DWS Group (DWS), one of the world’s leading asset managers, today announced it has entered into a strategic alliance with BOCHK Asset Management Limited (BOCHKAM) to serve investors in Hong Kong.
The alliance brings together the complementary skills of DWS’ robust investment capabilities across active, passive, alternatives, as well as bespoke solutions, and BOCHKAM’s expertise in product development and servicing, as well as distribution reach in Hong Kong, creating a formidable proposition and unique opportunity for both entities.
Hong Kong’s market size for authorized unit trusts and mutual funds is around US$1,680.2 billion in net asset value.[1] DWS recognises the immense potential of the Hong Kong investment market and is keen to leverage the strategic alliance to establish a stronger foothold. DWS will tap into BOCHKAM’s local market knowledge to offer investors solutions which meet their changing needs while BOCHKAM will provide its investors with greater access to the global investment expertise and innovative investment solutions offered by DWS, an investment heritage brand name since 1956.
Vanessa Wang, Head of APAC and Head of Client Coverage APAC at DWS commented: “We are very excited about our strategic alliance with BOCHKAM. This collaboration further strengthens DWS’ ambition to grow our institutional, wealth management and retail solutions platforms in Hong Kong,”
“In the last few years, DWS has made significant progress in Asia Pacific. This is augmented by the expanded footprint and increasing number of new strategic alliances and partnerships, as well as the deepening of existing relationships with our partners. Our latest strategic alliance with BOCHKAM exemplifies our growth ambitions in key APAC markets where we synergistically work with like-minded partners to deliver the best outcomes for our clients and stakeholders.”
BOCHKAM is one of the fastest growing asset managers in Hong Kong with established retail and channel connections.
SHEN Hua, Chief Executive Officer at BOCHKAM remarked: “We are very delighted to forge a strategic alliance with DWS, one of the top asset managers with extensive investment experience globally. By combining each other’s strengths, this alliance will position both companies well to develop innovative investment strategies that are closely aligned with the evolving needs of investors, resulting in superior outcomes for our clients.”
1. Source: Securities and Futures Commission, https://www.sfc.hk/-/media/files/PCIP/Statistics/d03_20230810.pdf. Data as at end June 2023.