Irish Funds Appointed as Advisor to AMAC’s International Partners Committee14 November 2017
Irish Funds was recently appointed to serve as one of the advisors on the International Partners Committee (IPC) of the Asset Management Association of China (AMAC) for a two-year term. This is the first time we have been included in this group, giving our industry and Ireland greater visibility within China.
The IPC was established in 2014 and currently consists of 32 members and 10 advisors representing a range of asset management institutions from different countries and regions covering a broad spectrum of areas, including: mutual funds, private funds, multi-asset management investment managers, institutional investors, custodian banks, service providers and industry associations.
The IPC’s purpose is to:
- Promote international exchanges and learning from institutions
- Gain understanding of the latest developments in the global capital market and asset management industry
- Advise on the development and innovation of China’s asset management industry
- Further mutual understanding between Chinese and foreign asset management institutions
- Advance international development of the Chinese asset management industry and capital market
Commenting on the appointment, Pat Lardner, Chief Executive of Irish Funds, said ‘Being appointed as an advisor to the IPC presents a significant opportunity for the Irish funds industry to share our knowledge and experience of helping firms internationalise their businesses as well as to play our role as contributors to the global industry. The IPC brings together representatives from over 40 asset managers, service providers and industry associations globally and is an important platform of communication and exchange of ideas. Becoming an advisor reflects the increasing mutual understanding and strengthening of our relationship with the Chinese funds industry.’
Earlier in the year at the Irish Funds Annual Global Funds Conference, Irish Funds launched ‘Ireland: A Guidebook for Chinese Asset Managers’ in partnership with AMAC. The Guidebook (available in Chinese and English) provides a detailed set of resources to support inbound investment and the establishment of European fund presences in Ireland for Chinese managers. The launch of the guide also coincided with the first-ever visit by an industry delegation from China, which included major managers like Haitong Securities, China Asset Management, China Southern Asset Management and GF Asset Management.
Ireland is home to 5% of world-wide investment fund assets and now administers over €4.3 trillion in assets on behalf of over 880 global investment managers.