09 December 2012

Vistra Fund Services Opens Office in Singapore

03 December 2012 - Vistra Fund Services (VFS), a global independent fund administrator to alternative asset management firms and investors, today announced the group's expansion with the opening of its Singapore office.

VFS established their first Asia office in Hong Kong during February 2012 to meet the individual requirements of the Asian markets and to complement the group's fund administration operations in Jersey and Luxembourg. Within 10 months since inception, VFS Asia has received tremendous response from asset managers in the region. Assets under administration of VFS Asia have grown to approximately US$ 3 billion with new mandates covering various fund types including private equity, venture capital, hedge funds and fund-of-funds.

"We are delighted to be expanding our footprint in Asia," said Charles Kwun, Managing Director of Vistra Fund Services Asia. "With four new hires and our second office in Singapore, VFS will be able to keep up with client demands and provide bespoke fund administration services to Singapore domiciled funds as well as asset managers in South East Asia."

VFS's Singapore office will be jointly managed by Charles Kwun, Andrew Mascall-Robson, Regional Commercial Director and Jean-Pierre Koolmees, Managing Director of Vistra Singapore.

Vistra Fund Services is the fund administration and fund formation division of the Vistra Group, a leading global provider of corporate, fund administration and outsourcing services. Vistra has 27 offices in 20 jurisdictions with specialist fund teams based in Jersey, Luxembourg and Hong Kong.

Source: Vistra