TMF Group has appointed Sabrina Li to lead its fund administration business unit for the China and Taiwan market, based in Shanghai.
Li joins from State Street where she served as head of hedge fund net asset value services in China.
She has also served in multinational organisations such as Citco Fund Services and HSBC, as well as in Chinese domestic firms such as Sycamore investment and Homaer Financial, focusing on hedge fund accounting and operations.
Andrew O’Shea, TMF Group’s global head of fund services, explained: “Sabrina Li’s experience will be central to helping us grow our fund services in the China and Taiwan market – which is one of the fastest-growing territories in our industry.”
Thun Lee, TMF Group’s head of China and Taiwan Market, added: “The fund sector is growing very quickly within the Greater China region, and there is a huge opportunity out there for our clients. I am very glad that Sabrina will be leading the charge for us in this regard and is exactly the type of senior hire we need to take our business – and our clients’ businesses – forwards.”
Li said she is excited to bring her experience to TMF Group’s fund administration business. “It’s a rapidly-growing company and an exciting place to be. I’m looking forward to helping their growing list of clients,” she added.
At the start of October, TMF recruited Kwame Lewis to the newly created role of head of fund services for the North America region.
Lewis joined from ACON Investments, a middle-market buyout private equity manager, where he worked as chief financial officer.
Earlier this month, TMF also acquired Selectra Management Company, a regulated management company based in Luxembourg servicing both alternative investment funds and UCITS, from Farad Group.
The acquisition is set to help TMF Group drive fund activities growth in Luxembourg.
