Guernsey's IAG, Tricor Target HK, Singapore Funds
by Mike Godfrey, Lowtax.net, Washington
15 April, 2014
Guernsey fund administrator International Administration Group (IAG) has entered into a joint venture with Tricor Group, a member of The Bank of East Asia Group, to collaborate on the provision of fund administrative services in Hong Kong and Singapore.
The new joint venture provides for the creation of Tricor IAG Fund Administration (Hong Kong) Limited, and Tricor IAG Fund Administration (Singapore) Pte Limited, which will offer fund administration services to private equity funds, real estate funds, and alternative investment funds.
IAG is already well established in Asia with offices in Hong Kong, Singapore, and Shanghai. The move follows on from IAG's previous joint venture with Exceedor in Shanghai in 2011.
IAG's Managing Director, Raymond Page, said: "IAG is delighted to have Tricor, the leading corporate services group in the region, as our joint venture partner, in continuing our growth in Asia. We are excited by the prospect of working together in conducting a successful independent fund administration business in Hong Kong and Singapore."
Tricor Group's CEO, Johnny Ng, said: "We are impressed by IAG's extensive and proven experience in fund administration services. By joining forces with IAG, we have enhanced both the scope and strength of our fund administration services."
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