Vanguard has actually revealed it will exit Hong Kong and move its Asian head office to Shanghai in a move that will be viewed as a blow to the previous British nest where abroad business have actually revealed issues about China’s current imposition of a questionable nationwide security law. ETF business. The Vanguard spokeswoman said the departure from Hong Kong had âabsolutely no connectionâ to the controversial National Security Law imposed on the territory by Beijing this summer. Release Calendar DVD & Blu-ray Releases Top Rated Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Showtimes & Tickets In Theaters Coming Soon Coming Soon Movie News India Movie Spotlight. Your use of this site signifies that you accept our Terms and conditions of use | Privacy policy Vanguard Investments Hong Kong Limited. The firm is actively pursuing a mutual fund manager license which would enable it to offer public funds and serve retail investors directly, she added. By using this website you acknowledge that your access to the information on this website is governed by the laws of Hong Kong. Suite 1705-9 Wing on Centre 111 Connaught Road Central Hong Kong, Hong Kong Phone +86 852 3477 0000 Fax +86 852 2513 8380 Email thomas.lee@vanguardlogistics.com . Hong Kong has been home to Vanguard’s main office in Asia after the index fund giant closed its Singapore operation in 2018. We’re committed to our most valuable asset: our crew. Jln Duyung Komp Citra Permai However, the Hong Kong stock market will remain a critical component for Vanguardâs global diversified funds, and the Stock Connect and Bond Connect channels will provide them access to the A-share and China bond markets, the firm said. Today, the company has presence across 9 … As part of the closure, Vanguard intends to exit from its exchange-traded fund (ETF) operations in Hong Kong within the next 24 months, according to a filing to the Hong Kong Stock Exchange (HKSE). Hong Kong has been home to Vanguard's main office in Asia after the index fund giant closed its Singapore operation in 2018. It said the departure from … No. Scott Conking, head of Asia and a 36-year Vanguard veteran, will eventually relocate to Shanghai from Hong Kong. Find Out More. Hong Kong is home to Vanguard's main office in Asia after the index group closed its Singapore operation in 2018. The world’s second largest asset manager has announced that it will close its Hong Kong office as part of its strategic shift to mainland China. By using this website you acknowledge that your access to the information on this website is governed by the laws of Hong Kong. VANGUARD LOGISTICS SERVICES provides ocean transportation to and from the United States and throughout the world as Vanguard Logistics Services (USA), Inc. dba Vanguard Logistics Services dba Vanguard dba Brennan International Transport dba Brennan dba Conterm Consolidation Services dba Conterm dba Direct Container Line dba DCL dba Ocean World Shipping dba OWS dba Ocean Express … Vanguard - Tokyo, Japan: 35.709026, 139.731993. The company’s future focus in Asia will be mainland China, with its primary regional office in Shanghai, he said. Vanguard, which manages $6 trillion globally, closed its Singapore office in 2018. Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details, Firm has ‘future aspirations’ in Asia to serve Chinese individual investors in mainland China. You may use these HTML tags and attributes: Sign Up for International Adviser Daily Newsletter, Published by Last Word Media (UK) Limited, Fleet House, 1st Floor, 59-61 Clerkenwell Road, London, EC1M 5LA. It has six ETFs listed on the local bourse, which collectively have $150.6m in assets, according to data from the Hong Kong Exchange. Vanguard believes it can contribute to the development of the countryâs public fund market, âsimilar to the way we helped transform the mutual fund market in the US over the past four decadesâ, said the spokeswoman. In Hong Kong, Vanguard received its first Securities and Futures Commission licences in 2012, according to records from the regulator. As part of the closure, Vanguard intends to exit from its exchange-traded fund (ETF) operations in Hong Kong within the next 24 months, according to a filing to the Hong Kong Stock Exchange (HKSE). U.S. asset manager Vanguard Group said on Wednesday it will close its operations in Hong Kong and Japan and exit Hong Kong exchange-traded funds, citing unsupportive "industry dynamics". “We are maintaining sufficient crew to help wind down the office and serve clients through … In a separate statement, a spokesman confirmed that Vanguard would also close in Japan, and shift its primary office in Asia to Shanghai. All rights reserved. Required fields are marked *. Vanguard, which had $5.7tn in global assets as of end-April, closed its Singapore office in 2018 when it also cut one-fifth of its headcount in the Hong Kong office. âVanguard continues to see Hong Kong as an important global financial centre and we cannot rule out the possibility of resuming services more aligned with our strategic priorities at a future date,â the spokeswoman added. Investment involves risks. Vanguard Investments Hong Kong Limited (AYT820), a subsidiary of The Vanguard Group in the US, is licensed with the Securities and Futures Commission ("SFC"). Your email address will not be published. China has demoted the director of the Hong Kong and Macau Affairs Office, the State Council said Thursday, following months of pro-democracy protests in the semi-autonomous city. With the closure of its Hong Kong and Japanese offices, Vanguard will only have Asia-Pacific presences in Shanghai, Beijing and Melbourne in … Explore our best in class health and wellness benefits, paid time off policies, education assistance and more. Past performance is not indicative of future performance. We use cookies to give you the best experience. Vanguard Investments Hong Kong Limited (AYT820), a subsidiary of The Vanguard Group in the US, is licensed with the Securities and Futures Commission ("SFC"). Vanguard - Singapore: 1.352083 ... Posted. For more insight on asset and wealth management in Asia, please click on www.fundselectorasia.com, Tags: China | Hong Kong | Investments | Vanguard, Your email address will not be published. Hong Kong is home to Vanguard's Asian headquarters. Copyright (c) 2019. Vanguard Interiors has been at the frontier of interior furnishing since 1991, achieving high standards in design and product quality. VAT. 782 6511 15. âIn fact, the decision to close the Hong Kong office predated the national security law passage, and is consistent with our longer-term strategic shift from institutionally-focused businesses to products and services focused on retail investors,â she added. The retreat will involve job cuts in Hong Kong, where Vanguard employs about 50 people. âOur future aspirations in Asia are to serve Chinese individual investors in mainland China, so our Shanghai office will become our primary office in Asia,â a spokeswoman told our sister publication Fund Selector Asia. 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