China expansion for Custom House 30 August 2016Shanghai Reporter: Stephanie Palmer
Image: Shutterstock
Custom House Global Fund Services has expanded operations in China with a new office in Shanghai.
This is Custom House’s second office in mainland China, in addition to its Shenzhen location.
According to the hedge fund administrator, the move comes as a response to increasing investor appetite to access global markets through regional financial centres.
Custom House has also hired Sunny Huang to join the new office as relationship manager. Huang will be responsible for developing new business and for collaboration with new clients.
Previously, she was a client advisor assistant at UBS in Hong Kong, where she managed onboarding of clients and updates to portfolios. In her new role, she will report to Allen Li, director of the Hong Kong office.
Mark Hedderman, CEO of Custom House Global Fund Services, said: “Our continued growth in China supports investors’ desire to gain immediate access to a financial services centre perfectly suited to meet the demands of those who are looking to venture into the global financial markets.”
He added: “With a considerable amount of wealth generated in China over the recent years, investors are looking to diversifying into global investment opportunities, amid concerns of future lower domestic growth and threat of potential currency devaluation.”
Tony Kan, managing director of Custom House Fund Services in Hong Kong, commented: “We are excited about the opening of our new office and having Sunny Huang on board to strengthen our partnership with our valued clients and provide a local presence for quality fund administration solutions to clients in the Shanghai region managing offshore funds.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 