CSC has extended their private equity and real estate fund administration services into the Asia Pacific (APAC).
Liam McHugh, fund administration managing director at CSC, will be responsible for heading the expansion into Asia.
Prior to joining CSC, McHugh served in various executive capacities at Apex Fund Services and Equinoxe Alternative Investment Services in the APAC region and Ireland.
According to CSC, third-party oversight of private equity and real estate funds is increasing due to the growing demand from investors for greater transparency and regulatory requirements.
Bill Popeo, president of CSC’s global financial markets business, said: “A number of factors are creating opportunities in the private equity market in Asia, including strong deal growth, increasing reporting demands from investors, and pressure to commit unspent capital.”
McHugh commented: “CSC’s private ownership status ensures the stability that is required of a service provider in a fragmented fund administration environment.”
He added: “While we’re new in Asia, we have delivered high levels of service for more than 115 years. Clients will not suffer the disruption of their administrator being acquired by another company when they partner with us.”
