Integrated investment platform Dragon Capital Group is expanding into Bangladesh with the launch of asset manager Green Delta Dragon Asset Management Company Ltd. (Green Delta Dragon) in a joint venture.
Dragon Capital, which is the largest and longest-established asset management group focused on Vietnam, with more than $6 billion under management, is working with Bangladesh’s largest general insurance company Green Delta Insurance Company (GDIC) and emerging market investment advisory firm Equinox Dhaka Ltd. (Equinox).
The expansion into Bangladesh continues the focus on growth at Dragon Capital which offers a range of actively managed public equity and debt funds for sovereign wealth, institutional and retail investors worldwide.
Research-focused Green Delta Dragon, which has been licensed by the Bangladesh Securities and Exchange Commission, aims to launch innovative investment products and services, and enhance traditional product performance as part of a drive to boost investor value and growth in Bangladeshi capital markets.
The Bangladesh stock market has gained around 35% this year* and reached an all-time high in October.
Dominic Scriven, Co-Founder and Executive Chairman, Dragon Capital said: “Working with GDIC, which has more than $35.7 billion of insured assets, and Equinox, which has extensive knowledge on some of Bangladesh’s most dynamic finance professionals, provides a powerful platform for growth in a very exciting market.”
“We look forward to developing the joint venture and delivering new products and services to help further expand Bangladeshi capital markets,” added Scriven.
Funds managed by Dragon Capital include Vietnam Enterprise Investment Limited – a $2.6 billion closed-end fund listed on the London Stock Exchange. It also manages three actively managed public equity and debt funds as well as managing two Exchange Traded Funds one of which is listed as a depositary receipt on the Thailand Stock Exchange.
