Amicorp Fund Services has acquired a fund administration licence from the Astana International Financial Centre (AIFC), Kazakhstan’s financial hub.
Kin Lai, CEO of Amicorp, comments: "As the first player in our field to be granted a fund administration licence in Astana, we see this as a huge opportunity to work alongside the AIFC and for us to provide the back and mid-office support for local and international fund managers looking to take advantage of the opportunities presented by this exciting emerging financial centre."
The decision to expand into the region comes as a result of Kazakhstan’s positioning in the New Silk Road investment corridor that links Asia and Europe.
The region has seen increased foreign investment, with the firm noting that more than 80 per cent of goods currently exported from China and Central Asia to Europe go through Kazakhstan.
