Beijing
06 April 2017
Reporter: Stephanie Palmer
Custom House invests in China
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.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
ECB to launch new faster payments system
22 June 2017 | Frankfurt | Reporter: Stephanie Palmer
The European Central Bank (ECB) is expanding its TARGET 2 instant payments system to facilitate retail payments throughout Europe
Clients demand innovation in custody
22 June 2017 | New York | Reporter: Stephanie Palmer
Custodians must embrace new technologies if they’re to survive in the digital age, according to a survey of sell-side executives by BNP Paribas Securities Services and TABB Group
Citi recruits Matthew Bax
21 June 2017 | London | Reporter: Barney Dixon
Citi has hired Matthew Bax as its Europe, Middle East and Africa (EMEA) head of sales for custody and fund services
Denise Voss re-elected as ALFI chair
21 June 2017 | Luxembourg | Reporter: Stephanie Palmer
The Association of the Luxembourg Funds Industry has re-elected Denise Voss to serve a further two years as chair of the board of directors
Fragmentation would weaken central clearing, says Mark Carney
20 June 2017 | London | Reporter: Mark Dugdale
In a speech at a breakfast event at Mansion House in London, Carney warned against carving up London’s clearing market once the UK leaves the EU
Northern Trust: Investors are taking transparency seriously
20 June 2017 | Chicago | Reporter: Stephanie Palmer
Transparency is an increasingly important factor when considering investment into both traditional and alternative assets
Clearstream’s ETF assets surpass €300 billion
20 June 2017 | Frankfurt | Reporter: Stephanie Palmer
Clearstream has seen a 25 percent increase in its custody business for exchange-traded funds over the last 12 months, with ETF assets under custody passing the €300 billion mark for the first time in May
More news