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Privium expands business development activities to Shanghai

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Leveraging on its existing offices in Hong Kong and Singapore, Privium will expand its business development activities to Shanghai on 5 April this year.

Given China’s continuing market reforms and gradual financial sector liberalisation, Shanghai’s role as international financial centre is taking shape. In light of the country’s rapidly growing asset management industry, Chinese fund managers are increasingly looking at expanding their operations abroad. Privium is able to facilitate their ambitions with business development support in Shanghai as well as fully licensed offices in Hong Kong and Singapore.

Privium’s Group CEO Clayton Heijman, says: “China has been a key focus for us for many years, with increasing engagement between Chinese managers and our Asian offices. Now that the Chinese asset management industry is becoming more mature and the business environment is expected to normalise in the months ahead, we decided to establish a foothold in the country’s leading financial centre to support promising managers on the ground as well. This provides a huge opportunity for Chinese managers to access the extensive knowledge and broad experience of Privium’s global operations.”

The business development activities in Shanghai will be led by Jiabin (Filippo) Shen. Having worked at a leading fund services provider for over a decade, Shen has an intricate understanding of the operational, legal and business aspects of the alternative fund industry. In addition, Shen has been the coordinator of the Shanghai Business Association in The Netherlands managing international business relations between Europe and Shanghai. Jiabin Shen: “Due to its global presence, Privium is uniquely positioned to assist fund managers with setting up operations internationally. With a strong track record in both Asia and Europe, Privium is the trusted business partner for Chinese managers.”

Established in 2008, Privium currently manages over 75 investment mandates with collective assets under management of almost USD3 billion. Privium has offices in Hong Kong, Singapore, London and Amsterdam as well as representation in the Cayman Islands and Luxembourg.

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