BNY was awarded the first global custody mandate for a QDII fund in 2007 and for the Fortune SG Overseas Growth Equity Fund in May 2008.
BNY Mellon Asset Servicing Asia head Chong Jin Leow said that the firm will continue to invest in Chinese technology platform to help support the growth of China’s funds industry.
CCB is the domestic custodian for the QDII fund, which is the third fund launched by Fortune SG Fund Management in September 2011.
Fortune SG is a joint venture between HWABAO TRUST and Lyxor Asset Management and was one of the first between a domestic Chinese trust company and a foreign asset management company.
BNY Mellon has been in mainland China for over 15 years providing a range of products and services to Chinese institutional investors including asset management, asset servicing, treasury services, depositary receipts and global markets.
