JPMorgan has been ranked as the best-performing asset manager in China, following an evaluation of 100 investment companies operating in the country.
The US bank and asset manager topped the list for a second year running and has kept Switzerland’s UBS in second place, according to Z-Ben Advisors, the influential Shanghai-based consultancy that compiled the league table.
The ranking shows a number of fund companies, including those run by BNP Paribas and Société Générale, the French banks, have fallen out of a list of the 10 best performers, as foreign asset managers jostle to build scale in China. Goldman Sachs slipped out of a list of the 25 best performers.
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