Custom House invests in China 06 April 2017Beijing Reporter: Stephanie Palmer
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Custom House Global Fund Services has expanded its presence in China, opening a new office in Beijing and hiring two new relationship managers.
The new office opening comes as a response to increased demand for independent fund administration solutions in China, particularly from large financial institutional investors, real estate private equity (REPE) funds and hedge funds, according to Custom House.
Nancy Wang will join the Beijing office as a relationship manager, responsible for business development and client collaboration. Yichen Huang will hold the same position at the Shanghai office.
Wang brings significant experience in corporate management, cross-border investment structures, accounting and fund formation services. She joins from TAKA Corporate Consulting, where she has been head of sales since 2007, overseeing the North China market.
Huang joins from Citis Prudential, where she was a senior manager, responsible for fund accounting of money market funds and REPE funds. Previously, she was a senior fund accountant at HSBC Securities Services, working in Guangzhou and Hong Kong.
Mark Hedderman, CEO of Custom House Global Fund Services, said: “Custom House continues to expand on our relationship-driven services in the Asia alternatives market as new fund launches are on the rise.”
He added: “As an independent administrator, we provide unbiased reporting to investors looking for experienced partners with a local presence that can help them at every stage of the investment process.”
Tony Kan, managing director of Custom House Fund Services in Hong Kong, added: “This is our third office opening in Asia over the last two years and we are pleased to have Nancy Wang and Yichen Huang join our team in Asia to strengthen our footprint in the fund administration space.”
“Most of our Asian clients require immediate responses from local experienced staff that could meet them in person and have a better understanding of their needs with comprehensive knowledge of local and global fund industries.”
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