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Last updated 1 day ago
Apr 10 2013 | 9:39am ET
LGT Capital Partners has opened an office in China.
The Swiss firm, which bought a Hong Kong-based fund of hedge funds five years ago, will use its new Beijing base as a center for its private-equity business in China, Risk reports. The office and Beijing team are led by Frankie Fang, who has served as the firm's China representative for six years.
"We have been investing in mainland China for almost 10 years, and the new Beijing office reflects this market's growing importance for LGT Capital Partners," LGT managing partner Ivan Vercoutere said. "We see China as a key investment destination and a place to cultivate and service Chinese institutional clients."
LGT has more than US$25 billion in assets under management.