Ping An Asset Management Co., Ltd. Ranks 33rd in Top 500 Asset Managers 2024 List
Ping An Asset Management Co., Ltd. (PAAMC) has made significant strides in the global asset management industry, climbing three spots to rank 33rd in the Top 500 Asset Managers 2024 list by Investment & Pensions Europe (IPE). This achievement marks the fifth consecutive year that PAAMC has been included in the prestigious list, solidifying its position as a top player in the market.
Established in 2005 as a subsidiary of Ping An Insurance (Group) Company of China, Ltd., PAAMC has been entrusted with managing Ping An’s insurance funds and providing comprehensive third-party asset management services to clients both domestically and internationally. As of December 31, 2023, PAAMC’s assets under management totaled an impressive RMB5.03 trillion, showcasing the company’s robust growth and success in the industry.
Jacqueline Zhang, Deputy General Manager of PAAMC, expressed pride in the company’s ranking and emphasized the importance of this recognition in attracting global pension funds to consider Chinese asset management companies for their investment needs. She highlighted PAAMC’s commitment to upholding international standards, providing high-quality asset management solutions, and contributing to the development of China’s capital market.
The IPE ranking also revealed the strength of China’s asset management industry, with a total of 52 Chinese companies included in the list and a combined AUM of RMB72.4 trillion as of the end of 2023. This growth underscores the increasing prominence of Chinese firms in the global asset management landscape.
IPE, a renowned international media company based in London, is known for its rigorous assessment of institutional investors and pension management firms worldwide. The annual Top 500 Asset Managers list serves as a benchmark for the industry, providing valuable insights for investors and industry professionals.
As part of the Ping An Group, one of the largest financial services companies globally, PAAMC continues to leverage its expertise and resources to deliver innovative investment solutions and contribute to the long-term prosperity of China’s capital market. With a focus on responsible investment practices and a commitment to excellence, PAAMC is well-positioned to drive further growth and success in the years to come.