Sir Gerry Grimstone on SLA Fund Management

The video discusses a company's strategy for expanding its business in China, focusing on asset management and potential growth in the financial services sector. It highlights the regulatory challenges faced, such as obtaining licenses and the absence of a chairman in the regulatory body. The company plans to increase headcount due to growth prospects driven by international diversification of Chinese portfolios. The importance of joint ventures in emerging markets like China and India is emphasized, with a focus on maintaining strong partnerships. The company also expresses interest in Chinese bonds, anticipating cautious but eventual market connectivity.

What significant milestone did the company achieve in China recently?

• Launching a new product line

• Receiving approval to start asset management operations

• Acquiring a local competitor

• Opening a new office in Beijing

What is a key factor driving the growth prospects for the asset management business in China?

• Increased local competition

• International diversification of Chinese portfolios

• Rising interest rates

• Government subsidies

Why is operating alongside a strong partner important in China?

• It allows for faster market entry

• It reduces operational costs

• It ensures compliance with local laws

• It is crucial for building successful businesses in emerging markets

What is the company's stance on gaining full control of its joint venture in China?

• It is a top priority

• It is not essential for their strategy

• They are not interested at all

• They plan to do so within a year

What is the company's perspective on the development of stock and bond connect programs with China?

• They think these programs are unnecessary

• They are not interested in these programs

• They believe it will take time and involve cautious steps

• They expect rapid development