Alternative funds platform Gordian Capital has set up a representative office in Shanghai to meet the needs of its clients in mainland China.
The company plans to eventually convert the representative office into a wholly foreign-owned enterprise. It also intends to establish a presence in Beijing in the future.
Gordian Capital Singapore trading operations head Lu Shuai will serve as the chief representative of the new office, while Gordian Capital director and Gordian Capital Singapore CEO will become an authorised representative.
Gordian Capital director and Gordian Capital Singapore chairman Stanley Howard said: “As we grow our footprint in Asia, China has become a very important market for us.
“Whilst the recently announced liberalisation measures are intended to grow the domestic Chinese market and attract foreign participants, our focus initially at least, continues to be to assist those Chinese financial market participants seeking to diversify both their investor and asset bases outside of China.”
Gordian, established in 2004, has subsidiaries in Singapore, Japan and Australia. The firm’s clients in China include a $16bn asset manager, a $15bn wealth management group, and a private corporation with $12bn of assets.