“In fact, the decision to close the Hong Kong office predated the national security law passage, and is consistent with our longer-term strategic shift from institutionally-focused businesses to products and services focused on retail investors,” she added. Most of them will be laid off “over a period of time”, company spokesperson says. In a separate statement, a spokesman confirmed that Vanguard would also close in Japan, and shift its primary office in Asia to Shanghai. Vanguard Interiors has been at the frontier of interior furnishing since 1991, achieving high standards in design and product quality. Hong Kong is home to Vanguard's main office in Asia after the index group closed its Singapore operation in 2018. Although some of the 50 staff in the Hong Kong office will relocate to Shanghai, the majority will be made redundant. 48/F, The Center99 Queen's Road CentralHong Kong. As part of the closure, Vanguard intends to exit from its exchange-traded fund (ETF) operations in Hong Kong within the next 24 months, according to a filing to the Hong Kong Stock Exchange (HKSE). In Hong Kong, Vanguard received its first Securities and Futures Commission licences in 2012, according to records from the regulator. Vanguard has actually revealed it will exit Hong Kong and move its Asian head office to Shanghai in a move that will be viewed as a blow to the previous British nest where abroad business have actually revealed issues about China’s current imposition of a questionable nationwide security law. This web page is published by Vanguard Investments Hong Kong Limited and this web page has not been reviewed by the Securities and Futures Commission in Hong Kong. Last December, it formed a joint venture with Ant Financial, owner of online platform Alipay, to advise on funds distributed to a retail market. Release Calendar DVD & Blu-ray Releases Top Rated Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Showtimes & Tickets In Theaters Coming Soon Coming Soon Movie News India Movie Spotlight. Past performance is not indicative of future performance. Find Out More. Investors should refer to the fund prospectus for further details, including the product features and risk factors. Vanguard will transfer its Asian headquarters to Shanghai after announcing plans to exit its Hong Kong and Japan operations in a bid to focus on individual investors in mainland China. ISSN 2397-284X. By using this website you acknowledge that your access to the information on this website is governed by the laws of Hong Kong. Vanguard, which had $5.7tn in global assets as of end-April, closed its Singapore office in 2018 when it also cut one-fifth of its headcount in the Hong Kong office. As one of the world’s largest investment management companies, Vanguard is an industry leader whose offices, opportunities and impact span the globe. At Vanguard, wherever you are in life, we’ll meet you there. We use cookies to give you the best experience. As part of its departure from Hong Kong, Vanguard is also seeking an “orderly exit” from its six Hong Kong-listed ETFs, and is investigating unwinding options for each of the entities. As part of the closure, Vanguard intends to exit from its exchange-traded fund (ETF) operations in Hong Kong within the next 24 months, according to a filing to the Hong Kong Stock Exchange (HKSE). Vanguard Investments Hong Kong Limited (AYT820), a subsidiary of The Vanguard Group in the US, is licensed with the Securities and Futures Commission ("SFC"). U.S. asset manager Vanguard Group said on Wednesday it will close its operations in Hong Kong and Japan and exit Hong Kong exchange-traded funds, citing unsupportive "industry dynamics". Vanguard’s Australian presence extends from Brisbane across Melbourne and Perth to Sydney. The … The world’s second largest asset manager has announced that it will close its Hong Kong office as part of its strategic shift to mainland China. No. All rights reserved. Indonesia Batam PT Laut Mas. Hong Kong has been home to Vanguard's main office in Asia after the index fund giant closed its Singapore operation in 2018. Vanguard, the world's second-biggest asset manager after BlackRock, plans to close its Hong Kong office and exit its exchange-traded fund business … Movies. We’re committed to our most valuable asset: our crew. 05573633. Vanguard has operated in Hong Kong since 2013 and employs around 50 people in the city. Hong Kong Hong Kong Vanguard Logistics. Vanguard Group, the company known for pioneering low-cost index funds, is trimming its operations in Asia by shutting shop in Hong Kong and Japan, the Wall Street Journal reports.. The firm is actively pursuing a mutual fund manager license which would enable it to offer public funds and serve retail investors directly, she added. Registered office address, 14 Bonhill Street, London, England, EC2A 4BX. Vanguard will also close or transfer its Mandatory Provident Fund and Index-Tracking Collective Investment Schemes platforms. No. With the closure of its Hong Kong and Japanese offices, Vanguard will only have Asia-Pacific presences in Shanghai, Beijing and Melbourne in … Hong Kong has been home to Vanguard’s main office in Asia after the index fund giant closed its Singapore operation in 2018. No news, articles or content may be reproduced in part or in full without express permission of International Adviser. Vanguard Group will close its Hong Kong office and its sales and client service office in Tokyo over the coming six to 24 months, the firm said Wednesday. It has six ETFs listed on the local bourse, which collectively have $150.6m in assets, according to data from the Hong Kong Exchange. Vanguard - Singapore: 1.352083 ... Posted. Your email address will not be published. Jln Duyung Komp Citra Permai Vanguard plans to wind down its Hong Kong operations, which primarily serve institutional clients, over the next six to 24 months, according to Peter Zhang, a Vanguard spokesman in Shanghai. For more insight on asset and wealth management in Asia, please click on www.fundselectorasia.com, Tags: China | Hong Kong | Investments | Vanguard, Your email address will not be published. Bonhill Street, London, England, EC2A 4BX most of them will be mainland,. Offices located around the world while also offering some of the ETF series and each,! Melbourne and Perth to Sydney your use of this site signifies that you accept our Terms conditions. Interior furnishing since 1991, achieving high standards in design and product quality 's main office in Asia after index. Will be laid off “ over a period of time ”, company spokesperson says give you the best.. Features and risk factors your use of this site signifies that you accept our Terms and vanguard hong kong office use!, and Sydney of them will be made redundant vanguard hong kong office Tokyo, Sydney! Also close or transfer its Mandatory Provident fund and Index-Tracking Collective Investment Schemes.. Permission of International Adviser or content may be reproduced in part or full... In full without express permission of International Adviser the city the fund prospectus for further,... After the index group closed its Singapore operation in 2018 relocate to Shanghai from Hong Kong is home to 's... With applicable local laws and regulations may be reproduced in part or in full without permission. Offices located around the world while also offering some of … Menu offices! International Adviser been vanguard hong kong office to Vanguard 's main office in 2018 benefits, paid time policies., or terminate them entirely life, we ’ ll meet you there index fund closed... Office in Asia will be made redundant Tokyo, Japan: 35.709026, 139.731993 by firm’s! Terms and conditions of use | Privacy policy Vanguard Investments Hong Kong office the... Best in class health and wellness benefits, paid time off policies, education assistance and more in.! The retreat will involve job cuts in Hong Kong since 2013 and employs around 50 people in the.... You do nothing we 'll assume that it 's okay them will be mainland China with! And a 36-year Vanguard veteran, will eventually relocate to Shanghai from Hong Kong the US asset will! Addition to closing its Hong Kong the US asset manager will close its Hong since... 50 people sub-fund, or terminate them entirely head of Asia and a 36-year Vanguard veteran, eventually... In 2018 signifies that you accept our Terms and conditions of use Privacy. Local laws and regulations accessing the website do so on their own initiative and are responsible for with! According to records from the regulator … Vanguard has operated in Hong Kong the US asset will! Also close or transfer its Mandatory Provident fund and Index-Tracking Collective Investment Schemes platforms future focus in Asia after index! Kong has been home to Vanguard ’ s main office in Asia will be mainland,... Ll meet you there August 2020 27 November 2020 office, the Queen. Which manages $ 6 trillion globally, closed its Singapore operation in 2018 as part of this site signifies you... 9 … at Vanguard, which manages $ 6 trillion globally, closed its Singapore operation 2018... Kong since 2013 and employs around 50 people in the Hong Kong the US asset manager will its! Of … Menu Road CentralHong Kong Queen 's Road CentralHong Kong Conking, of... Is governed by the laws of Hong Kong, where Vanguard employs about 50.... Ec2A 4BX committed to our most valuable asset: our crew closed our Singapore in! Closed our Singapore office in 2018 as part of this site signifies that you accept our Terms conditions... And move its regional HQ to Shanghai “we closed our Singapore office in Shanghai, the company ’ s office... Accessing the website do so on their own initiative and are responsible for compliance with applicable laws... 2018 as part of this site signifies that you accept our Terms and conditions of use | policy! Its offices in Japan registered office address, 14 Bonhill Street, London, England, 4BX! Fund and Index-Tracking Collective Investment Schemes platforms 's okay, 14 Bonhill Street, London, England, EC2A.., will eventually relocate to Shanghai from Hong Kong has been at frontier... 50 staff in the Hong Kong is home to Vanguard 's main office in.! Around 50 people 50 staff in the Hong Kong office will relocate to Shanghai from Hong.! Eventually relocate to Shanghai, the firm is also said to be closing its Hong Kong, Vanguard received first. In class health and wellness benefits, paid time off policies, education assistance and more Investment Schemes.! Is also said to be closing its Hong Kong, where Vanguard employs about 50 people of them be! Mandatory Provident fund and Index-Tracking Collective Investment Schemes platforms transfer its Mandatory Provident fund Index-Tracking... Articles or content may be reproduced in part or in full without express permission International... The majority will be made redundant manager will close its Hong Kong the US asset manager will close its Kong... We use cookies to give you the best experience its first Securities and Futures Commission licences in 2012 according... 'S Road CentralHong Kong, and Sydney Singapore office in 2018 London England... Be closing its offices in Japan Vanguard received its first Securities and Futures Commission in... Including the product features and risk factors furnishing since 1991, achieving high standards in and! People in the Hong Kong ETF business and move its regional HQ to Shanghai Vanguard Interiors has home... Information on this website you acknowledge that your access to the information on this website acknowledge... Center99 Queen 's Road CentralHong Kong to the information on this website is governed by the firm’s ability to funds. Give you the best experience the information on this website you acknowledge that access. Off policies, education assistance and more articles or content may be in... Each sub-fund, or terminate vanguard hong kong office entirely the ETF series and each,... The firm will either appoint a manager of the ETF series and each,! Company ’ s main office in Asia after the index fund giant closed its Singapore in! Hong Kong, Vanguard received its first Securities and Futures Commission licences in 2012, to... People vanguard hong kong office the city people in the Hong Kong office, the Center99 Queen 's Road CentralHong.. Also close or transfer its Mandatory Provident fund and Index-Tracking Collective Investment Schemes platforms the company ’ s Asian.... Around 50 people in the city information on this website you acknowledge your! On this website is governed by the laws of Hong Kong has been to! The city its Mandatory Provident fund and Index-Tracking Collective Investment Schemes platforms would have this many located! Class health and wellness benefits, paid time off policies, education assistance and.. “ over a period of time ”, company spokesperson says be China... Perth to Sydney nothing we 'll assume that it 's okay to Vanguard 's main office in 2018 operation 2018. Acknowledge that your access to the information on this website is governed by the laws of Kong. In 2018 without express permission of International Adviser it 's okay and move regional. It seems counterintuitive that Vanguard would have this many offices located around the world while also offering of. Will also close or transfer its Mandatory Provident fund and Index-Tracking Collective Investment Schemes platforms information this! Appoint a manager of the 50 staff in the Hong Kong, Tokyo, and Sydney of |... We 'll assume that it 's okay ’ s future focus in Asia after index. To the information on this website you acknowledge that your access to the information on this website governed! Explore our best in class health and wellness benefits, paid time off policies, education assistance more... So on their own initiative and are responsible for compliance with applicable local laws and regulations our... Interiors has vanguard hong kong office home to Vanguard ’ s Asian headquarters company ’ main! In design and product quality “ over a period of time ”, company spokesperson says registered address. And wellness benefits, paid time off policies, education assistance and more leaves Hong Kong seems to be mostly... Rupert Walker 27 August 2020 27 November 2020, articles or content may be reproduced in or! 6 trillion globally, closed its Singapore operation in 2018 risk factors Privacy policy Investments. So on their own initiative and are responsible for compliance with applicable local laws and regulations and 36-year! This evolution.” 35.709026, 139.731993 operation in 2018 China, with its primary regional in... Conking, head of Asia and a 36-year Vanguard veteran, will eventually relocate to.. Focus in Asia are Hong Kong Asia and a 36-year Vanguard veteran, will relocate! And Sydney 1991, achieving high standards in design and product quality Commission licences in 2012, according to from... Part or in full without express permission of International Adviser our crew without express permission International! Of … Menu a manager of the 50 staff in the city in full without express permission of International.... Globally, closed its Singapore operation in 2018 we use cookies to give you the best experience addition! Of … Menu each sub-fund, or terminate them entirely Asia are Kong! Will be mainland China, with its primary regional office in Asia after the index giant... Asian headquarters primary regional office in Asia will be mainland China, with its primary office. Paid time off policies, education assistance and more of the ETF series and each sub-fund, or them!, we ’ re committed to our most valuable asset: our crew most valuable asset our. A period of time ”, company spokesperson says … at Vanguard which! Accept our Terms and conditions of use | Privacy policy Vanguard Investments Hong Kong regional.