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"In our 40th anniversary year, the approval of the QDLP license marks an important milestone for Thornburg in its international expansion," said Thornburg President & CEO Jason Brady. "As Chinese investors look for greater diversification, we believe our differentiated approach to active management, as well as decades of experience in global investment and risk management, will provide premium global wealth management and diversified asset investment services to institutional and high-net-worth investors in the country."

Thornburg Investment Management (Shanghai) Limited has assembled a dedicated team in Shanghai with deep expertise in business development and operations to serve the QDLP business. The team will provide services to qualified investors in China with support from its U.S.-based global management and investment teams, headquartered in Santa Fe, New Mexico.

About Thornburg
Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, multi-asset solutions and sustainable investments. With US$42 billion in client assets as of 30 June 2022, the firm offers mutual funds, closed-end funds, institutional accounts, separate accounts and UCITS funds for non-U.S. investors.

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