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European Fund Administrator Taps Asian Market With New Office in Hong Kong

Posted: 15 Feb 2012

Vistra Fund Services has launched Vistra Fund Services Asia to complement the group's fund administration operations in Jersey and Luxembourg. The Hong Kong-based operation will provide fund administration and associated services to fund managers throughout Asia.

Vistra, which focuses on alternative investment sectors including hedge funds, real estate, private equity, venture capital and alternative assets, said rapid growth and acquisitions in this region by fund management clients of the company’s Jersey and Luxembourg offices have been behind the strategic decision to broaden operations into Asia.

Vistra has hired a team of experts, who have 15-20 years of experience each in fund services. Charles Kwun will lead the team as managing director. Prior to joining Vistra, he was the regional managing director of Orangefield Trust at which he was instrumental in launching the fund administration services of the company in Asia. Before this role, he was director and chief executive of Bank of East Asia (Trustees) heading up the MPF business and mutual fund administration services of The Bank of East Asia.

The team includes Andrew Mascall-Robson, executive director. Mascall-Robson has held senior roles with JP Morgan as executive director Hedge Fund Services Asia, managing director Fortis Prime Fund Solutions Japan and commercial director Fortis Prime Fund Solutions, Asia.

Shirley Yuen, who takes up the position of executive director, Relationship Management, has over 20 years' of experience working in CPA firms and financial institutions in Hong Kong. She previously headed up relationship management in the alternative fund services units at Fortis Prime Fund Solutions, JP Morgan and most recently BNY Mellon.

Fang Ling Khor, director, has experience in audit, accounting and fund administration services working with Fortis Prime Fund Solutions, HSBC and JP Morgan. Her last role was as director, Standard Chartered Bank.

Commenting on the new launch, Charles Kwun, said: "We believe the combination of our highly experienced management team, backed by the resources available in the Group including the tried and tested Advent Geneva system, will appeal to Asian investors with the most demanding of fund design requirements."

(JDC)

If you have any comments about this story or news tips, contact Christopher Gohlke in New York at cgohlke@globalcustodian.com or Janet Du Chenne in London at jduchenne@globalcustodian.com.