Custom House expands services in APAC 29 April 2015Hong Kong Reporter: Stephanie Palmer
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Custom House Fund Services is expanding its presence in the Asia-Pacific region by opening a new office for hedge and private equity funds in Hong Kong.
As part of its regional expansion, Custom House will also enhance its technology platform to provide a portal in the Chinese language and a website allowing clients and investors to view their NAV systems and fund data in Chinese.
The changes are designed to tailor Custom House services to the demands of local fund managers and their investors.
The new office opened in April and is headed up by Tony Kan, who has 17 years’ experience in the funds industry including four years as a director of Amicorp Fund Services.
Custom House now has offices in 13 locations around the world.
Kan said: "Having an excellent understanding of the local regulations and customs, backed with strong operating and relationship teams from Shanghai and Shenzen in China to Singapore, Hong Kong’s central location reinforces our commitment to the industry by supporting our clients across all asset classes and fund strategies in the Asia-Pacific region. We look forward to extending this level of integrity to all our clients here in Asia.”
Custom House CEO Mark Hedderman added: “The Asia-Pacific region has seen an explosion of hedge fund activity in recent years with the rapid expansion of the number of institutional investors in the sector. In 2014, Asia-Pacific hedge funds grew by nearly 30%, due in part to recent regulatory reforms.”
“With this trend expected to continue, we are committing to an increased focus on serving new and existing clients with specialised services applicable to their strategies and localised needs.”
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