Custom House Administration & Corporate Services Limited will be offering its full hedge fund administration service through a new office in Singapore. This new office, which will open in the New Year and which will be operated by an associated company of Custom House, Singapore Administration & Corporate Services Pte Ltd. is the first on-the-ground Asia presence for Custom House and will be crucial in attracting new hedge fund clients.
“Singapore is a strategic choice for our expansion into Asia,” says Dermot Butler, the Chairman of Custom House. “It’s one of the largest hedge fund centers in Asia and are the most efficient financial centres in the world and will enable us to service our global clients 24-hours a day.”
As the hedge fund industry in Asia grows, there will be an increased need for local administrators to deliver the transparency and third-party reporting that investors demand.
“Many of our institutional clients in Europe and North America – and especially those with daily dealing hedge funds will benefit from our ability to take advantage of the time zone differences offered by the Singapore office,” adds David Blair, the Managing Director of Custom House.