The companies will launch a multi-family office network in both mainland China and Hong Kong. Credit: Hanny Naibaho on Unsplash.

McFaddens & Co has signed a joint venture agreement with China International Industry & Commerce Co. (CIIC Group) to launch a multi-family office network in both mainland China and Hong Kong.

As part of the agreement, the companies will set up a multi-family office network as well as fund management and advisory services to tap the rapidly evolving family office sector in China.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

CIIC Group chairman of the board Wang Tianyi said: “McFaddens’ vision and ethos are closely aligned with those of CIIC Group, and I am confident that our joint venture will be ideally positioned to address the aspirations of existing and future clients, seeking to ensure that their assets are optimised to deliver benefits to a broad range of stakeholders.”

Established in 1988, Beijing-based CIIC Group is a multinational enterprise group focused on finance, technology, and real estate fields.

The firm has footprint in over 30 countries and regions including the US, Russia, Europe, and Africa with assets in the region of $15bn.

McFaddens CEO Max Eppel said: “CIIC Group is a trusted and established name in China, which is perfectly placed to support us in delivering our full suite of services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“With its commitment to the development of co-operative partnerships with leading international businesses, which enable them to support key national projects and the private economy, CIIC Group has an impressive track record and a philosophy which is closely aligned to our own.”

In May this year, McFaddens & Co expanded its global footprint by launching its multi-family office operations in UAE.