ABN Amro weighs options in China
Asia CEO Frank Kusse gives FinanceAsia the low down on strategy, new hires and new deals in China and across the region.
Frank Kusse, Asia-Pacific CEO at ABN Amro Asset Management, spoke with FinanceAsia in the wake of the firm's announced joint venture plans with Beijing-based Changsheng Fund Management.FinanceAsia: Under China's agreement with the World Trade Organization, foreign fund managers will initially be allowed to take a 33% stake in a fund management joint venture. Is this the stake ABN Amro will take?Frank Kusse: It is not 33% per se, but the maximum extent allowed. The regulators may allow…
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