BMO plans investment team to run HK funds
BMO Global Asset Management is moving to hire staff for a Hong Kong-domiciled funds platform – with ETFs the first products planned – and to build up its Asia sales team.
Canada's BMO Global Asset Management plans to set up an investment team in Hong Kong for locally domiciled products, with a view to selling them into China once the proposed mutual recognition agreement is in place. It also aims to strengthen its distribution capabilities in Asia.
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