FundsPeople, a reference publication for asset management professionals, highlighted the importance of asset management for Haitong Bank's 2023 results, which registered a net income increase of 55% to €17 million, and provided an overview of the new funds and portfolios from Haitong Global Asset Management, SGOIC (HGAM) and Haitong Bank, S.A..
The article emphasized the growing role of HGAM as the subsidiary of Haitong Bank responsible for managing assets. In particular, it was noted the a new segmented commissions structure was defined and implemented in the discretionary management of private clients’ portfolios according to their risk profile and assets under management. Additionally, HGAM started a project aimed at launching unit linked instruments from foreign entities, which will help to broaden the range of products of this entity. Lastly, with regard to private equity, FundsPeople noted the structuring of a new private equity fund called Haitong Iberian Core Fund, which is in the fund raising stage.
Please click here to access the full article (in Portuguese).
