Hong Kong-Based Fund Administrator Implements Linedata’s Admin Edge Platform

The Hong Kong Trust Company has implemented Linedata’s Admin Edge platform to provide fund administration and transfer agency servicing for their client base of individuals, family offices, intermediaries and corporations.
By Janet Du Chenne(59204)
The Hong Kong Trust Company has implemented Linedata’s Admin Edge platform to provide fund administration and transfer agency servicing for their client base of individuals, family offices, intermediaries and corporations.

Hong Kong Trust provides professional trusteeship, fiduciary services, fund and private equity administration and corporate services. Carolyn Butler, CEO of Hong Kong Trust, says: “We are a specialist provider and have funds and structures with complex rules so Linedata Admin Edge’s ability to service different type of structures was key. In addition, we wanted a solution, which could scale up with us as we continue to expand. We have already seen the benefits of automation, indeed we have been able to grow without adding additional staff, yet retain our high levels of client servicing.”

FATCA and AML compliance were also high on Hong Kong Trust’s selection check list, and Linedata Admin Edge’s proven track record in these areas will assist in the process of producing the required reporting in an accurately and timely manner, says Linedata.

Butler notes that the local support provided by Linedata in Hong Kong has also been beneficial, both in getting the system up and running and in meeting day-to-day needs: “Linedata’s local staff has been knowledgeable and enthusiastic. It is helpful to have people on the ground who can respond in a timely manner when we need help.”

“We are pleased to be able to provide Hong Kong Trust with local expertise through our recently opened support office for our back office clients in Asia,” comments Ciaran Whooley, regional head of Client Services at Linedata. Hong Kong Trust’s requirement for a highly flexible, cost-effective fund administration solution which can handle a wide variety of complex fund types including private equity is one that we see increasingly, and one which fits Linedata Admin Edge’s profile especially well.”

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