Sun, Feb 1, 2015
A A A
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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would