AIIB seeks solid asset managers to invest spare funds

Beijing

THE China-led Asian Infrastructure Investment Bank (AIIB) is looking to hire fixed-income management companies to help invest its billion of dollars of spare funds. But don't bother applying unless your company has some serious credentials.

The multilateral lender posted a help-wanted advertisement on its website for investment managers. It prefers one who has managed at least US$100 billion in fixed-income portfolios, has beaten the benchmark bond index for 3-5 years, and has 10 years of fixed-income management experience. Those are among several credentials listed by the bank, although not all are required.