Credit Suisse Asset Management gets HK nod

Aug 18, 2005

The firm wins approval to start business in Hong Kong and announces plans for Korea.

Hong Kong's Securities and Futures Commission yesterday (Thursday) granted Credit Suisse Asset Management a license to carry out business. The move comes as Hong Kong's wholesale asset management business booms. Figures published by the SFC show that assets under management in Hong Kong increased by 23% during 2004 to a record of HK$3,618 billion ($465 billion).

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