Asian institutional alternative funds platform Gordian Capital today has established a Shanghai Representative Office to support its growing number of clients in mainland China.
Gordian Capital’s client base in China currently includes an asset manager with AUM of USD16 billion, a wealth management group that manages USD15 billion for High Net worth Individuals and a large private corporation with USD12 billion of assets. Gordian Capital, on behalf of these three clients, has structured, launched and is currently operating offshore fund vehicles to assist these firms expand outside China and to diversify both their client and asset base.
Established in 2004 by capital markets professionals and alternatives industry veterans active in Asia since the 1980s, Gordian Capital is Asia’s leading institutional quality, independent funds platform specialist. Initially launching its first operating subsidiary in Singapore in 2005, the group now has a regulated presence in Japan and Australia, and is registered with US SEC as an Exempt Reporting Adviser.
Lu Shuai, a native of Hangzhou who currently heads the trading operations at Gordian Capital Singapore, and Mark Voumard, Director of Gordian Capital Limited and CEO of Gordian Capital Singapore Pte Ltd, have been appointed as Chief Representative and Authorised Representative respectively of the Gordian Capital Limited Shanghai Representative Office.
“As we grow our footprint in Asia, China has become a very important market for us,” says Stanley Howard, Director of Gordian Capital Limited and Chairman of Gordian Capital Singapore Pte Ltd. “Whilst the recently announced liberalisation measures are intended to grow the domestic Chinese market and attract foreign participants, our focus initially at least, continues to be to assist those Chinese financial market participants seeking to diversify both their investor and asset bases outside of China.”
Voumard says: “Our deep experience since 2005 in launching over 40 fund vehicles, 28 SPV’s and a number of managed accounts, combined with our highly experienced team of native Mandarin speaking staff in Singapore and our newly established representative office in Shanghai, puts us in a very competitive position to provide bespoke, value added services at an institutional level to our clients in China.”
Whilst initially a Representative Office, the Shanghai entity is expected to become a Wholly Foreign-Owned Enterprise (WFOE) with additional plans for a Beijing presence over time.
