Custom House Fund Services is planning to expand its presence across the Asia-Pacific region for hedge and private equity funds with the opening of a new Hong Kong office.
The launch of the office comes one month after the fund administrator was offloaded by TMF Group.
As part of the regional expansion, Custom House will enhance its technology platform to provide a Chinese-language portal and website for clients and underlying investors, allowing them to view their NAV statements and fund data in a Chinese language format.
“The Asia-Pacific region has seen an explosion of hedge fund activity in recent years with the rapid expansion of the number of institutional investors in the sector. In 2014, Asia-Pacific hedge funds grew by nearly 30%, due in part to recent regulatory reforms,” says Mark Hedderman, CEO, Custom House Fund Services.
“With this trend expected to continue, we are committing to an increased focus on serving new and existing clients with specialized services applicable to their strategies and localized needs”.
To head the Hong Kong office, Tony Kan joined Custom House from Amicorp Fund Services where he was a director for four years.
“Having an excellent understanding of the local regulations and customs, backed with strong operating and relationship teams from Shanghai and Shenzen in China to Singapore, Hong Kong’s central location reinforces our commitment to the industry by supporting our clients across all asset classes and fund strategies in the APAC region,” says Kan.
Custom House Expands Asia-Pacific Presence with Hong Kong Office
Custom House Fund Services is planning to expand its presence across the Asia-Pacific region for hedge and private equity funds with the opening of a new Hong Kong office.