Sun, Mar 25, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Maples brings multi-national and multi-jurisdictional approach to Asian fund business

Thursday, November 14, 2013

Beverly Chandler, Opalesque London:

News came this month that the Maples Group is expanding its presence in the Asia Pacific region with the launch of the full service administration offering of MaplesFS in Singapore.

The new fund services office is headed up by Eastern Fong, regional head of fund services – Asia, while the new Maples Fiduciary in Singapore will be under the leadership of Hugh Thompson, Global Co-Head of Fiduciary.

Fong explained that Maples arrived in Asia with the opening of an office in Hong Kong in 2006, which has grown from zero to staff numbers of 45 and had been looking to expand further in Asia. "Hong Kong is a different market from Singapore" he explained in an interview with Opalesque. "In Hong Kong you see a flow of mainland Chinese-based institutions and hedge fund firms, but you also have private equity business from South East Asia, family offices and wealth managers who typically have Singapore as their preferred jurisdiction."

Maples sent in Kate Colchester, business development expert in the region, who found that the firm should be in Singapore as well. Singapore famously loves the UCITS structure but it’s not the primary focus of the new office, given that the firm has offices in Dublin and Luxembourg to deal with UCITS products. "In Singapore the main drive is not UCITS but family offices, private equity, private wealth ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  3. Activist Investors - The seven most undervalued stocks in Larry Robbins' portfolio, Stamford hedge fund still seeking shakeup of Taubman board[more]

    The seven most undervalued stocks in Larry Robbins' portfolio From ...On February 14th, Larry Robbins' firm Glenview Capital Management filed its quarterly Form 13F regulatory filing. The firm's stock portfolio totals $18.5 billion with 58 positions according to the latest

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private