Fuh Hwa SITE Asset Management selects Standard Chartered Trustee
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Fuh Hwa SITE Asset Management selects Standard Chartered Trustee 10 October 2024Hong Kong Reporter: Clelia Frondaroli
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Standard Chartered Trustee (Hong Kong) has been selected by Fuh Hwa SITE Asset Management (Hong Kong) as its custodian.
Standard Chartered Trustee (Hong Kong) will now provide a host of fund services, including fiduciary, custody, fund administration and cash services. This will support Fuh Hwa's recently launched open-ended company series.
The appointment will also facilitate exposure to China-related securities and investment instruments, for achieving long-term growth.
Head of financing and securities services, Hong Kong, and head of products, Asia, for Standard Chartered, Pierre Mengal, states: “Standard Chartered is delighted to provide our best-in-class fund servicing solutions to Fuh Hwa and support their regional business strategies as its custodian."
Wilson Chai, director of Fuh Hwa SITE Asset Management (Hong Kong), adds: "“Fuh Hwa remains optimistic towards the long-term business outlook of Hong Kong and is keen to meet the rising needs for diversified and premium portfolio management in Greater China. With Standard Chartered’s support, we are preparing to launch more new products so as to meet the evolving needs of our clients.”
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