Jersey-based fund administrator SANNE Group has expanded its Asian presence with the hire of Deutsche Bank’s former Asia-Pacific custody head.
Mark Law joins in a newly created role as managing director, alternative assets for the Asia-Pacific and Mauritius region.
Based in Hong Kong, he will lead SANNE’s expansion into alternative asset services across the region, and develop its Asian platform for asset managers and financial institutions.
Law previously co-headed investor services sales for Deutsche Bank in Asia-Pacific, while also leading its custody, clearing fund administration and securities lending businesses in the region.
“With over 14 years’ experience in the Asia-Pacific and Mauritius region, we will benefit from Marks industry knowledge and experience in the alternative asset space. This will enable us to further enhance and strengthen SANNE’s reputation as a leading global provider of global administration services,” said Phil Godley, senior managing director, SANNE.
SANNE Group provides administration, reporting and fiduciary services to over 1,000 clients including alternative asset managers, family offices, and corporates, managing in excess of £160 billion in assets under administration.
The departure of Law is the latest in a string of exits for Deutsche Bank investor services team.
In April Stanislas Beneteau, its global head of investor services sales, left the bank for a new role in financial services, and in June its global head of fund services, Mike Hughes, joined JP Morgan as head of global custody.