AMP chief sees China pensions as major growth driver

AMP Capital’s international CEO sees strong growth prospects for its venture in China as a 20% shareholder in China Life Pension, the country’s largest provider of pension products for the corporate and private sector markets. Anthony Fasso, chief executive, international, at AMP Capital in Hong Kong, told AsianInvestor that the firm’s China business was proceeding apace via its key strategic relationship. And with pension growth in China averaging an annual rate of 26% over the…