Neuberger Berman Gets Approval to Begin Managing Local Currency Mutual Funds for Domestic Chinese Clients

Posted on 12/07/2022

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On November 28, 2022, Neuberger Berman disclosed it received approval from the China Securities Regulatory Commission (CSRC) to begin operations managing local currency mutual funds for domestic Chinese clients. Neuberger Berman is the second global institution to receive final approval to launch a wholly owned, newly established mutual fund business.

Neuberger Berman has been expanding its Shanghai-based professional team including, most recently, adding Michelle Wei.