BIPPO Group and Thornburg Investment Management Enter Strategic Partnership
BIPPO Group and Thornburg Investment Management have signed a Memorandum of Understanding to form a strategic partnership that provides high-net-worth clients in Greater China with premium global private wealth management and asset investment services.
HONG KONG — June 16, 2021 — BIPPO Group (“BIPPO”) and Thornburg Investment Management (“Thornburg”) have signed a Memorandum of Understanding (“MOU”) to form a strategic partnership that provides high-net-worth clients in Greater China with premium global private wealth management and asset investment services.
The MOU signing ceremony was held on June 3, 2021 in Central, Hong Kong at BIPPO’s headquarters. Ms. Shanshan Zheng, CEO of BIPPO, and Mr. Yong Zhang, Co-Head of Asia at Thornburg, entered into the agreement on behalf of the two organizations.
By choosing BIPPO, Thornburg marks its entry into the fast-growing private wealth management industry in Asia. For BIPPO, the partnership with Thornburg bolsters its resources and service offerings to deliver private wealth management services and solutions to its clients.
Thornburg will tailor risk and return expectations and provide investment portfolio construction and guidance on product strategy to BIPPO’s family trust clients. In addition, Thornburg will use its capabilities to offer BIPPO clients competitive arrangements related to capital requirements for account openings and a preferential management fee schedule. The jointly managed account investment service for BIPPO clients will:
- Establish relevant investment guidelines for trust assets in each client’s sub-account
- Provide investment management or advisory services
- Carry out transactions within the investment guidelines for client trust portfolios
- Offer timely market insights and investment advice
- Conduct regular portfolio review and rebalancing
In the future, BIPPO and Thornburg will explore further opportunities in private wealth structuring, investment portfolio customization and managed account investment service.
Founded in 1982, Thornburg Investment Management is a privately-owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income, equity and alternatives investing, the firm oversees $49 billion ($46.6 billion in assets under management and $1.9 billion in assets under advisement) as of May 31, 2021, across mutual funds, institutional accounts, separate accounts for high- net-worth investors and UCITS funds for non-U.S. investors. Thornburg is headquartered in Santa Fe, New Mexico, with additional offices in London, Hong Kong and Shanghai.
At Thornburg, we believe unconstrained investing leads to better outcomes for our clients. Our culture is collaborative, and our investment solutions are highly active, high conviction and benchmark agnostic. When it comes to finding value for our clients, it’s more than what we do, it’s how we do it: how we think, how we invest and how we’re structured.
For more information, visit qa.thornburg.com.
About BIPPO Group
BIPPO Group, founded in 2015 in Hong Kong, is a boutique private wealth management group. It offers wealth planning and management solutions as well as relevant services for Chinese clients. BIPPO endeavors to be an independent and reliable partner for the new generation of high-net-worth individuals (HNWIs) and their families in China.
BIPPO pledges to provide comprehensive, customized, professional, pragmatic and efficient services to its clients. At BIPPO, family office trustee service is the core business. It also provides comprehensive extended implementation services in ancillary sectors such as private customer service, company secretary service and fintech industrial solutions to bring clients the highest quality service experience. The Group currently oversees over $1 billion USD of private offshore family assets.
Since its establishment, BIPPO’s persistence and pursuit of professionalism and pragmatism have never changed. The company itself not only has a number of professional licenses, but the core team members have extensive industry experience in related fields for more than ten years. The core team consists of members with various professional qualifications including CFA, CICFP, CPA, CTP and membership qualifications of reputable industry associations such as STEP, HKTA and HKICPA. At the same time, BIPPO is constantly looking to expand its resource network and establish cooperation and alliance with external top-tiered institutions to jointly meet the diversified and comprehensive wealth management needs of clients. Today, BIPPO Group has developed cooperate relationship with nearly 30 institutions in various fields including asset management, banking, taxation and immigration which provides services for BIPPO’s private clients in dozens of countries and regions.