M&G Investments is expanding to Taiwan following its receipt of a Securities Investment Consulting Enterprise (SICE) business licence and the establishment of a new office in the capital city of Taipei.
The company has also named Berny Lin as chairman of the board of directors for M&G Taiwan as well as Steven Wang as general manager to support its presence in the country, according to an announcement on 18 July.
M&G Investments has had a presence in Asia Pacific since 2006 and has been expanding to markets in the region to complement its positions in the UK and Europe.
Taiwan is a natural next step in its expansion plans given its diverse sustainable investment capabilities as well as the country’s strong ESG ambitions, M&G said.
Securing the SICE licence will enable M&G to reinforce its existing client base and build significant new client relationships in Taiwan, which is touted to be the largest and fastest growing wealth centre in Asia with asset management revenues ranked third after China and Japan, M&G added.
M&G Investments is the global asset management arm of M&G, a savings and investment business formed from the merger of Prudential’s UK and European savings and insurance operations and its wholly owned international investment manager M&G.
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