White-labelling tipped to gain favour in China
With the big banks calling the shots on fund distribution in China and joint ventures losing favour, some asset managers may look to white-label products, says the Asia head of Oliver Wyman.
Difficulties in securing distribution in China ahead of the cross-border mutual recognition scheme going live may prompt asset managers to launch white-label products there, argued Christian Edelmann, head of Asia Pacific at consultancy Oliver Wyman.
While foreign managers are eyeing the Rmb100 trillion-plus ($16.3 trillion) of deposits in China, the country’s dominant four banks will dictate how products are distributed, he added.
There is a very limited set of truly sizeable d…
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