Following the merger of Tian Ping and AXA insurance businesses, Georges Ugeux became a board member of the Chinese company.
In May 2010, Galileo Global Advisors entered into a strategic partnership with the Guangzhou Municipality and Nansha Development Agency. This agreement provides for a close cooperation in the field of direct foreign investments as well as mergers and acquisitions in the third largest province of China. Galileo Global Advisors has been awarded Best Cooperative Partner in Guangzhou International Investment promotion Award 2012.
Galileo Global Advisors, Guangzhou Municipal Board for International Investment (GMBII), and the Bureau of Economics & Trades (BET) of Nansha Development Zone in Guangzhou, signed a Memorandum of Understanding in May 2010, which recognizes Galileo Global Advisors as the official partner of BET and GMBII in its Guangzhou activities. The partnership aims to develop investment opportunities for international companies in the Nansha Development Zone and in the city of Guangzhou as a whole.
The partnership provides Galileo a unique position in assisting foreign companies and investors to identify opportunities in Guangzhou and facilitate the investment process.