15/02/2012 Author: David Beattie (London)

Vistra Fund Services launches new Hong Kong operation

Swiss-headquartered Vistra Fund Services has launched a new Asian division in Hong Kong to bolster its admin provisions in the region, it said in a statement Tuesday.

Rapid growth and acquisitions in the region by its fund management clients in Jersey and Luxembourg  were behind the decision to broaden its operations into Asia, said the company which has a major focus on alternatives.

The new Hong Kong-based fund services team is led by Charles Kwun, who has more than 20 years’ experience in financial services, covering banking, insurance, pension and fund administration, asset management, trust and custody services.

The team also includes Andrew Mascall-Robson, as executive director who has worked in Asia for 20 years within fund services and investment banking, and has previously held senior roles with JP Morgan, and Fortis Prime Fund Solutions.

“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,” commented Kwun on the opening.