Allianz has increased its stake in Guotai Junan Allianz Fund Management Co. Limited (GTJA-Allianz) from 33 percent to 49 percent. GTJA-Allianz was established in 2002 as the first joint-venture asset management company in China. Allianz SE’s cooperation with Guotai Junan Securities Co. Limited dates back to 1994.
Douglas Eu, Chief Executive Officer of Allianz Global Investors in the Asia-Pacific region: "This represents the latest step in our partnership with Guotai Junan Securities. The Chinese market is important to Allianz Global Investors and GTJA-Allianz is central to our strategy in China."
Allianz Global Investors increases its commitment in China
Allianz Global Investors announces increased shareholdings in Guotai Junan Allianz Fund Management Company and welcomes new joint venture General Manager Xiaosong Xu.
Xiaosong Xu new General Manager at GRJA-Allianz
Additionally, Xiaosong Xu succeeds Chiang Hsien as the General Manager of GTJA-Allianz. A Doctor of Economics, Xiaosong Xu was previously the Deputy Head of the Shenzhen Stock Exchange Research Institute, as well as the Chief Economist and Deputy General Manager of China Southern Fund Management Company Limited. Douglas Eu: "We are very pleased that Xiaosong Xu will be guiding GTJA-Allianz to the next stage in its development." Given his valuable experience, Hsien Chiang will take up a new role with responsibility for driving Allianz Global Investors’ strategy outside of the joint venture.
Xiaosong Xu: "One of the reasons why I am excited about working with GTJA-Allianz is that the joint venture can draw on the different strengths of the two partners. Through Guotai Junan, the joint venture accesses the extensive knowledge and specialist skills that are needed in the mainland’s capital markets. Thanks to Allianz SE, we have world class management and stringent risk control systems. We are in a position to build on the foundation of the company, established on the hard work of Chiang Hsien and his team over the past seven years."
Xiaosong Xu: "One of the reasons why I am excited about working with GTJA-Allianz is that the joint venture can draw on the different strengths of the two partners. Through Guotai Junan, the joint venture accesses the extensive knowledge and specialist skills that are needed in the mainland’s capital markets. Thanks to Allianz SE, we have world class management and stringent risk control systems. We are in a position to build on the foundation of the company, established on the hard work of Chiang Hsien and his team over the past seven years."
About Guotai Junan Allianz Fund Management
Guotai Junan Allianz Fund Management Co. Ltd. (GTJA-Allianz) is a joint venture between Allianz SE and Guotai Junan Securities. It was formed in 2002 as the first asset management joint-venture between a Chinese organization and a major foreign financial services company. The local partner, Guotai Junan Securities Co. Limited, is generally regarded as the largest stockbroking firm that runs a broadly-based business in China. Guotai Junan has been repeatedly recognized by the New Fortune Magazine as having the Best Research Team.
As with all content published on this site, these statements are subject to our Forward-Looking Statement disclaimer, provided on the right.
For further information
