First published in EuroMoney on the 15th of July 2021
Pointing to the example of McFaddens & Co, we said that every month this once-peripheral part of the private wealth space “gets a foot taller”.
When we published those words, London-based McFaddens had just opened its first Dubai office, adding $300 million to its investment portfolio and taking total assets under management (AuM) to $1.6 billion.
Well, this Wednesday, the company announced a joint venture with China International Industry & Commerce (CIIC), a privately run conglomerate based in Beijing.
The two will work together to serve clients in mainland China and Hong Kong, McFaddens said in a press release. They will offer services including fund management and advisory services.