The Maples group is expanding its presence in the Asia Pacific region with the launch of MaplesFS in Singapore. This move demonstrates the group's commitment to the region, where it has had a presence since 1994.
MaplesFS is an independent global provider of fiduciary, accounting and administration services.
The Singapore office will focus on providing middle office, data aggregation and reporting, and fund administration services to Singapore domiciled funds.
The team will also service Cayman Islands funds that require on the ground support from Singapore. Eastern Fong, regional head of fund services, will head the Singapore team.
Scott Somerville, MaplesFS CEO, said: "We are excited about the opportunity that Singapore creates as a jurisdiction, particularly as it relates to business arising from family offices, institutional investors, hedge funds and private equity.”
