Icbc Credit Suisse Asset Management (Int'l) Co. Ltd (Hong Kong)


Icbc Credit Suisse Asset Management (Int'l) Co. Ltd is a large advisory firm based in Hong Kong. It manages $2.13 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016.

Icbc Credit Suisse Asset Management (Int'l) provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Icbc Credit Suisse Asset Management (Int'l): assets under management

The assets under management (AUM) of Icbc Credit Suisse Asset Management (Int'l) Co. Ltd is $2.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and $2.12 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.13 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.21 million each.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Icbc Credit Suisse Asset Management (Int'l) Co. Ltd for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Haitao Du serves?

The firm provides services to investment companies, pooled investment vehicles, banking or thrift institutions, and sovereign wealth funds and foreign official institutions. The largest group of clients of Haitao Du is sovereign wealth funds and foreign official institutions with 1 clients and $1.87 billion of assets under management. Among the 10 most similar advisory firms, Icbc Credit Suisse Asset Management (Int'l) has the highest percentage of sovereign wealth funds and foreign official institutions out of all clients.

The amount of regulatory assets under management is $2.13 billion for 7 clients. 99% of the firm’s clients are foreign persons or businesses.

Icbc Credit Suisse Asset Management (Int'l) doesn't advise any private funds.

Careers at Icbc Credit Suisse Asset Management (Int'l) Co. Ltd

The company employs 28 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Haitao Du has been acting as President since 1 Nov 2015. Xue (Nmn) Yang joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Icbc Credit Suisse Asset Management Company Limited Sole shareholder 1 Jul 2011 75% - 100% foreign
Tehua Guo Chair of the board, director 1 Jul 2011 Other 6626810
Richard Hua Tang Chief executive officer, director 1 Nov 2013 Other 3162396
Wei Hao Director 1 Jun 2015 Other 6626811
Elaine Yu Chief compliance officer 1 Sep 2015 Other 6626809
Haitao Du Director 1 Nov 2015 Other 6626812
Ling Lu Director 1 Nov 2015 Other 6626813
Sunny Sze Ming (Nmn) Choi Chief compliance officer 1 Nov 2016 Other 6777281
Wang (Nmn) Qingren Chief executive officer, director 1 Oct 2018 Other 7058169
Luan (Nmn) Ma Chief compliance officer, deputy chief executive officer 1 Dec 2018 Other 7051878
Xue (Nmn) Yang Chief compliance officer 1 Jul 2019 Other 7159153

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Industrial And Commercial Bank Of China Limited Shareholder 1 Jul 2011 75% - 100% foreign
Ministry Of Finance Of The People's Republic Of China Shareholder 1 Jul 2011 25% - 50% foreign
The State Council Of The People's Republic Of China Sole controlling entity 1 Jul 2011 75% - 100% foreign

Based in Hong Kong

The principal office where Icbc Credit Suisse Asset Management (Int'l) Co. Ltd performs its advisory services is located at Suite 801, 8/F, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852 3975 3675 or by fax 852 3975 3663. The normal business hours are 9am-5pm (local time) on Monday - Friday. You can find more information about the New York firm at icbccs.com.hk.