T. Rowe Price Group has opened an investment research office in Shanghai, following the establishment of a wholly foreign-owned enterprise in China.
The office is in Shanghai’s free-trade zone and is intended to “expand and deepen T. Rowe Price’s research coverage of China’s rapidly growing investment universe,” the company said in a release.
The company already has an office in Hong Kong and says it has invested $4.8 billion in securities listed in Mainland China and $36.9 billion in Chinese securities listed on offshore exchanges.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
