There is provided an aqueous dispersible polymer composition comprising: (i) a hydroxyl functional dendritic polymer; (ii) one or more polar compounds, the polar compounds being miscible with both the hydroxyl functional dendritic polymer and an aqueous solvent; and wherein the one or more polar compounds are present in an amount sufficient to disperse the hydroxyl functional dendritic polymer in the aqueous solvent. There is also provided a coating composition comprising the same and processes for preparing the aqueous dispersible polymer composition and the coating composition.