Guernsey-headquartered fund administrator International Administration Group (IAG) has announced joint ventures in both Hong Kong and Singapore with the Tricor Group, a member of the Bank of East Asia Group. The two joint ventures established are Tricor IAG Fund Administration (Hong Kong) Limited and Tricor IAG Fund Administration (Singapore) Pte Limited.
The partnership will see IAG provide fund administration services to private equity, real estate and alternative assets funds in Hong Kong and Singapore. IAG already has offices in both locations and also a joint venture with the Exceedor Group in Shanghai. Johnny Ng, Chief Executive of the Tricor Group, 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."
Raymond Page, Managing Director of IAG, commented: "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." IAG's joint venture with Exceedor in Shanghai was launched in 2011 to allow it to offer onshore RMB denominated private equity fund administration services in China.
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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