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Schroders to expand in Hong Kong after Nuveen merger, CEO says
UK fund house Schroders will increase investment and headcount in Hong Kong after being acquired by US asset manager Nuveen. Schroders’ global CEO Richard Oldfield said on Friday that Hong Kong is a critical interface for mainland China through schemes like Wealth Management Connect, which allows investors in the Greater Bay Area to buy wealth-management products across borders.
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