Cathay Site bulks up for external mandates
The wholly owned securities investment trust takes on the domestic equity portfolio and investment staff of sister subsidiary Cathay Life. It also has ambitious plans for its China joint venture.
Cathay Securities Investment Trust (Site) is being billed as Taiwan’s largest fund house after taking over the domestic equity portfolio and related personnel of sister subsidiary Cathay Life.
The integration is tipped to bolster Cathay Site’s standing when it bids for external mandates from institutional investors, as well as support the firm’s expansion plans in mainland China.
At the same time, Cathay Site has spoken of its ambitions for a fledgling joint-venture fund managem…
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