German fintech firm Ginmon has partnered with the China’s Everbright Yunfu Internet Co. Ltd to open an office in Shanghai.
Frankfurt-based Ginmon offers access to exchange-traded fund (ETF) portfolios managed via automated software. Everbright will provide Ginmon offerings through its various channels.
Everbright Yunfu Internet Co. Ltd, Vice Chairman and CEO Lingwu Xia said: “After a deep analysis of all providers, Ginmon’s leading technology is the best match with our ambition. Beside their convincing technology, it provides investor protection and attractive investment solutions.”
Ginmon China managing director Jerome Eger added: “The Chinese market for Robo-Advisory is estimated at more than US$ 750 billion in 2020. The industry offers an enormous growth potential of more than 15 percent.”
The new Shanghai facility will house a seven-member team, which will be headed by Eger.