Fund administration provider Intertrust has opened a new office in Shenzhen, marking its fifth location in China.
Intertrust said the new location will enhance the firm’s ability to provide high-quality services to its clients in China and abroad to grow their cross-border investments.
The Dutch-based firm already has a presence in China with 230 professionals across Hong Kong, Shanghai, Beijing and Guangzhou.
The office will be led by Felix Deng, associate director of business development at Intertrust China in Shanghai, who will oversee the Shenzhen office and lead the team.
Deng has been responsible for business development of both inbound and outbound investments related to corporate services, fund administration, capital markets and trust services since 2012.
“Shenzhen is a rapidly growing city in China and has evolved to become one of the world’s leading hubs for high-tech companies,” said Bill Guo, managing director of Intertrust China.
“Driven by the GBA development plan, Shenzhen will create more opportunities for business growth and investment. Our new office in this dynamic city is another step forward for us to solidify our leading position in providing administrative solutions.”
The new office is China represents the latest in a series of regional expansions from the fund administrator which has grown in the US, Ireland and Australia over the past two years.
Growth into Asia was part of the 2019-21 strategy laid out by Stephanie Miller, the former head of global fund services at JP Morgan and now CEO of Intertrust, who is aiming to grow the administrator to become a global tech-enable corporate and fund solutions provider.