Maples Fund Services, a division of MaplesFS and an independent global fund services provider, is celebrating the 10th anniversary of the opening of its Hong Kong office.
Commencing operations in Hong Kong in 2006, Maples Fund Services provides accounting, middle office, risk reporting and administration services to a client base which includes investment management firms, institutional investors, pension plans and global financial institutions.
Eastern Fong, regional hedge of fund services – Asia, has overall responsibility for the business operations of Maples Fund Services in the Asia Pacific region. Having joined the firm in 2006, he has played a crucial role in establishing the firms' on the ground presence in Hong Kong.
Maples Fund Services opened its full service operational office in Singapore in November 2013. It works with alternative fund managers in Singapore, Japan and Greater China wishing to set up hedge or private equity funds.
"Our growth has been driven by dedication and expertise of our staff and our client-centric approach," says Fong. "We are thrilled to mark this milestone and look forward to continuing to deliver an unmatched level of service and support that enables our clients to succeed."
The Hong Kong office currently services approximately USD20 billion in assets under administration, supported by 100 local staff.
"Our Hong Kong office has been a driving force behind the growth of Maples Fund Services globally and we are proud of what we've achieved and the success we've realised over the past 10 years," says Scott Somerville (pictured), chief executive officer of MaplesFS. "We remain as committed as ever to evolving our offering and investing in the resources necessary to further solidify our footprint in the Asia Pacific region."