Fortis Prime Fund Solutions (Fortis PFS) has appointed Edith Ngan as regional managing director of its Asia operations.
Ngan will take overall charge of the existing Fortis PFS offices in Hong Kong, Singapore and Tokyo, and is charged with enhancing and expanding the service levels and product range for existing clients, and introducing the Fortis PFS range of services to new markets.
Ngan has a significant depth of experience in managing large, multi-jurisdictional offices within Asia, and a thorough knowledge of the Greater Asia region. Ngan joins Fortis PFS from the Principal Financial Group where she was COO, Greater China, overseeing the full service retirement and investment operation in Hong Kong and the mutual fund joint venture with China Construction Bank in Beijing.
Before that, she was CEO of the Hong Kong and Singapore offices of Invesco, responsible for Southeast Asia, Taiwan, South Korea and the Middle East. A graduate of Stanford University, Ngan is also a chartered accountant, certified financial planner, fellow of the Institute of Directors and has previous experience working at the Securities and Futures Commission of Hong Kong, KPMG (HK), Price Waterhouse (UK) and the Swire Group (HK).
Fortis PFS regards the Asian region as a strategic component of its future development, and with AUM in Asia approaching $28 billion, and over 140 staff, it remains one of the largest and longest serving providers of administration, custody and finance to hedge funds, fund of hedge funds and private equity/real estate funds in the region.
“Fortis PFS intends to continue its investment in the development in Asia, of certain innovative and cutting edge products, geared to its ambitious global client base. To this end, whilst Gordon Shaw will resume his role as regional managing director of Europe based in London, Gordon’s involvement in these strategic initiatives will ensure a close dialogue and interaction with the Fortis PFS Asia operations,” says Erik Jens, CEO, Fortis PFS.