APG sets up China offices and local bond team
The Dutch retirement asset manager is hiring investment staff for its first branches in Beijing and Shanghai in a pioneering move as it ramps up its expansion drive in Asia.
Dutch pension fund giant APG Asset Management has just set up operations in Beijing and Shanghai and is recruiting an onshore China fixed income team as part of a major regional buildout, AsianInvestor can reveal.
APG's regional headquarters in Hong Kong established a wholly foreign-owned enterprise in Shanghai on October 16, which in turn set up a Beijing branch on October 28, according to company registration records. These are APG's second and third offices in Asia.
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