Dutch merchants target China

How is the joint venture with China Merchants Securities going? Ryan: It's going well. We're preparing to launch our first fund. We have now about 50 staff over there, including three ING secondees. The deputy general manager for the company is a guy who worked here in Hong Kong for ING for the last couple of years. The chief investment officer came from our Taiwan business. He has twenty plus years experience. And another very experienced equity manager from Singapore. We see opport…