Natixis Global Associates International (NGAI) has opened a subsidiary in Taiwan, Natixis Securities Investment Consulting, following the granting of a SICE license by the Taiwan Financial Supervisory Commission.
NGAI said that it already distributes some of its Luxembourg-domiciled SICAV and Dublin-based funds through the Taiwanese master agent, Fubon, to investors in Taiwan. The SICE license will enable the new Taiwanese subsidiary to better support those distribution efforts. The Taiwanese subsidiary will be headed by Michael Chang, general manager of the SICE.
NGAM expects that the presence in Taiwan is an important step for its development in North Asia, and the Taiwanese subsidiary is anticipated to serve as a model for future growth in other Mandarin-speaking marketplaces such as Hong Kong and mainland China.
John Hailer, president and CEO of North America and Asia operations for NGAM, said: “I am delighted to announce the opening of our Taiwanese subsidiary. Asian markets are important engines of growth for global asset management companies, and we are strongly committed to being part of that growth. We have an existing presence in Tokyo and in Singapore, and the new Taiwan subsidiary is our first step in developing a presence in North Asia.”
Herve Guinamant, president and CEO of NGAI, said: “We are committed to providing Taiwanese investors with a broad range of products to meet their investment needs. This new subsidiary will enable us to better support our offshore funds, our master agent Fubon and its sub-distributors, and our affiliates’ business with local institutions. A local presence shows our commitment to Taiwan, and our Mandarin-speaking staff will support the business with a convenient, single point of access.”
Natixis Global Associates International (NGAI) is the international distribution arm of France-based Natixis Global Asset Management (NGAM).
