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Fund administration service provider Vistra Fund Services recently set up its first Asian operation in Hong Kong, as part of its expansion in Asia Pacific.
The move follows the rapid growth and acquisitions in the region by fund management clients of Vistra's Jersey and Luxembourg offices, according to Managing Director of Vistra Fund Services Asia Ltd, Mr Charles Kwun.
Mr Kwun said, "Vistra has a strong track record designing and implementing bespoke fund solutions for clients in Europe and now we are exporting that knowledge and experience and making it available to Asian fund clients.
"Given Hong Kong's central location in Asia and its status as China's global financial centre, the city represents a strategic foothold for our first step in expanding into Asia," Mr Kwun added.
Vistra Fund Services Asia Ltd will focus on building the team in Hong Kong to provide fund administration and associated services to clients throughout Asia. The company will evaluate business growth and further opportunities, as it plans expansion of its regional coverage alongside other group offices.
Associate Director-General of Investment Promotion, Mr Charles Ng, welcomed Vistra Fund Services' entry in Hong Kong. "Hong Kong's strategic location in Asia and its sound financial and regulatory systems make it a perfect location for financial services companies like Vistra to set up here. As the global economic focus continues to shift to Asia, we anticipate more financial multinationals will locate in Hong Kong."
About Vistra Fund Services
Vistra Fund Services (VFS) is the fund administration and fund formation division of the Vistra Group, a leading global provider of corporate, fund administration, trust and fiduciary services. Vistra has 23 offices in 19 jurisdictions with specialist fund teams based in Jersey, Luxembourg and Hong Kong. VFS offers a full range of fund administration services with a major focus on alternative investment sectors including hedge funds, real estate, private equity, venture capital and alternative assets. For more information, please visit www.vistrafundservices.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. In its 12th year of operation, Invest Hong Kong has completed over 2,400 investment projects, creating more than 29,000 new jobs in the first year of operation or expansion and HK$62 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit: www.flickr.com/photos/investhk/sets/72157629752720262/.
Ends/Wednesday, May 16, 2012
Issued at HKT 17:56
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