IMS Group and HedgeOp Compliance branch out into Asia
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IMS Group and HedgeOp Compliance branch out into Asia 12 March 2013Hong Kong Reporter: Mark Dugdale
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IMS Group and HedgeOp Compliance will open its first office in Hong Kong to support local and international firms in their efforts to manage global regulation.
The new office will enable hedge funds, wealth managers and other alternative investment managers engaged in the Asian markets to take advantage of focused localised support. It will offer services such as ongoing compliance, consulting across regulatory jurisdictions, web-based compliance and personal trading software.
Jonathan Currie, who was previously the head of IMS Group's regulatory transactions team in London, will lead the new office.
In a statement, Currie said: "Establishing a first local presence in Asia enables our group to better serve our clients, allowing them to maximise opportunities while substantially minimising the risk of financial and reputational loss associated through a regulatory breach."
The new office follows the merger of HedgeOp and IMS Group in January 2012. Bill Mulligan, CEO of HedgeOp Compliance, said: "The establishment of a Hong Kong office became the next logical step in our plans for expansion and continued growth. Our group has delivered sustained high growth and together, we are delivering a trusted and respected programme of regulatory services and training designed to support our clients through a continuing wave of unprecedented regulatory change and ever stricter enforcement."
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