Intertrust Group reshuffles APAC fund services leadership 

Intertrust Group has reshuffled its APAC leadership with the appointment of a new regional managing director and new head of its Hong Kong office.

By Joe Parsons

Dutch headquartered fund services firm Intertrust Group has reshuffled the leadership for its Asia-Pacific (APAC) business, with James Donnan taking on responsible for services in the region.  

Donnan, who most recently served as head of Intertrust’s Hong Kong business and head of APAC sales for three years, has been appointed regional managing director where he will oversee its business across Australia, China, Hong Kong, India, Japan, New Zealand and Singapore. 

He will be succeeded by Sarah Chao as head of the Hong Kong office.  

“We are thrilled to welcome Sarah Chao, who has joined us as our new managing director in Hong Kong. Sarah will take over from James Donnan to lead Hong Kong office as James steps into his new role as regional managing director, Asia Pacific – a central part of our Asia Pacific growth strategy,” Intertrust stated.  

Chao joins from Madison Pacific Trust, a Hong Kong-based corporate trustee and debt services firm, where she was its chief operating officer and chief financial officer for over two years. 

“I am both delighted and honoured to join Intertrust Group, especially at this critical juncture when we are faced with many external challenges and changes that are driving our strategy,” added Chao.  

In December, the firm hired a former APAC relationship management executive from BNY Mellon’s corporate trust business as a new commercial director in Hong Kong. It also launched a new Australian trustee and custody business in September, an expansion to its existing funds services capabilities in the country. 

According to the firm, the outsourced trustee services market for alternative funds, including private equity, real estate, venture capital, infrastructure and debt funds, accounted for more than $500 billion in assets under administration (AuA).  

At the end of last year, it also announced Shakar Iyer as its new chief executive officer following the decision by its former leader – Stephanie Miller – to step down.