Easton Wealth Asia (EW Asia) has pooled resources with ICBC Investment Management Company (ICBCAIM) to expand their suite of investment strategies.
The subsidiary business of Easton Investments Limited has entered into a non-binding Memorandum of Understanding (MOU) with ICBCAIM, which will see it collaborate in the development of investment products.
"From an asset management perspective, teaming up with ICBC helps us in terms of the distribution of product that we're looking to put together," Easton managing director Campbell McComb told InvestorDaily.
"The relationship with ICBC is very much at a starting phase. Where we are at the moment we see some huge opportunities coming from it, so that's quite exciting."
The MOU will be initially focused on the production of new funds for a low risk strategy, but Easton has said they intend to supply an integrated significant investor visa service offering for ICBC clients.
"One of the things that we're discussing with them at this point in time is around the formation of low-risk balanced portfolio for them to distribute to their clients," Mr McComb said.
"It will have a mix of global equities and global fixed interest combined and managed out of Melbourne but distributed to their clients across their network in Asia.
"But we've got a number of plans to grow significantly over the next 12 months."
The announcement follows EW Asia's recent acquisition of a stake in Singapore-based wealth management business AAM Advisory and is part of Easton's growth strategy in the region.
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