New Location Will Be Dedicated to Specialized Services for Growing Alternatives Market in Asia-Pacific
HONG KONG, CHINA--(Marketwired) - Custom House Fund Services, a leading independent global fund services provider, is pleased to announce the official opening of its new Hong Kong office, significantly expanding its presence in Asia-Pacific and offering for hedge and private equity funds operating within the region. With the addition of Hong Kong, Custom House now serves its clients from 13 global locations.
Operating as Custom House Fund Services Limited, the office opened earlier this month and will be headed by Tony Kan. As part of the regional expansion, Custom House is enhancing its technology platform to provide a Chinese-language portal and website for clients and underlying investors allowing them to view their NAV statements and fund data in the Chinese language format, demonstrating Custom House's commitment to a global service offering that is tailored to the demands and requirements of local fund managers and their investors.
Tony Kan, Managing Director of Custom House Fund Services Hong Kong Ltd, 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 APAC region. We look forward to extending this level of integrity to all our clients here in Asia".
Mark Hedderman, CEO, 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 specialized services applicable to their strategies and localized needs".
Previously a Director at Amicorp Fund Services for four years, Mr. Kan advises hedge funds and private equity funds from pre-launch to various stages of their fund lifecycle to operation and administrative matters, and is a frequent speaker at hedge fund industry conferences and investor roundtables. He has over 17 years' experience in the funds industry and holds a B.A. (Hons) in Finance from the University of Portsmouth in the UK.
About Custom House Fund Services
Custom House Fund Services is a leading global fund administration provider for hedge funds, CTAs, private equity firms, venture capital firms, family offices and other alternative investment funds. Founded in 1989, Custom House Fund Services grew with the alternative investment industry providing superior fund administration and investor services across Europe and the United States, and today provides one of the most advanced technology offerings available to fund managers. With over $40B in AuA, Custom House provides fund administration services to more than 200 managers, and more than 500 investment funds, over 150 of which require daily-dealing NAVs. The firm has offices in Amsterdam, China, Chicago, Dublin, Guernsey, Luxembourg, Malta, New York, Rotterdam, Singapore, San Francisco, Sofia and Hong Kong. For more information, visit www.customhousegroup.com.
Tracy Van Buskirk
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