VP Bank collaborates with Hywin Wealth
VP Bank has entered a collaboration agreement with Chinese company Hywin Wealth to offer asset management solutions for wealthy Chinese clients. The partners have now signed a corresponding memorandum of understanding.
VP Bank and Chinese company Hywin Wealth intend to jointly establish a Hong Kong-based collaboration platform, announced a statement. The aim is to offer asset management services to wealthy private clients in and beyond China. On July 11, the partners signed a corresponding memorandum of understanding.
“The planned cooperation represents an excellent opportunity to expand our business activities in the Chinese market and to successfully continue VP Bank Group's Asia strategy with a highly professional and in China widely recognized partner,” commented Christoph Mauchle, Head of Client Business at VP Bank.
Hywin Wealth was founded in Shanghai in 2006, and now serves more than 50,000 clients. With the partnership, it can benefit from “the extensive expertise of VP Bank as an established, globally active financial services provider”, as well as the Liechtenstein bank’s “decades of experience”, explained CEO Dian Wang.