SHANGHAI, CHINA--(Marketwired - Aug 29, 2016) - Custom House Global Fund Services, a leading independent hedge fund administration specialist, is pleased to announce it has expanded its presence in China with the official opening of a Shanghai office. In addition, the firm has hired Sunny Huang as a Relationship Manager who will be responsible for new business development and the collaboration between clients and the firm.
"Our continued growth in China supports investor's desire to gain immediate access to a financial services centre perfectly suited to meet the demands of those who are looking to venture into the global financial markets," said Mark Hedderman, CEO, Custom House Global Fund Services. "With a considerable amount of wealth generated in China over the recent years, investors are looking to diversifying into global investment opportunities, amid concerns of future lower domestic growth and threat of potential currency devaluation."
"We are excited about the opening of our new office and having Mrs. Huang on board to strengthen our partnership with our valued clients and provide a local presence for quality fund administration solutions to clients in the Shanghai region managing offshore funds," said Tony Kan, Managing Director of Custom House Fund Services Hong Kong Ltd.
"Harvest Wealth Management has been working with Custom House since May 2015. In the past year, Custom House helped set up our overseas investment platform in the Cayman Islands and acted as the fund administrator for five funds launched on the platform. The efficiency, resourcefulness and client focused professionalism they have demonstrated are truly superb and beyond our expectations. Custom House has become one of our go-to partners when conducting our business overseas," said Thomas Huang, Deputy CEO of Harvest Wealth Management. Harvest Wealth Management Limited is the subsidiary of Harvest Fund Management Limited. Both companies are regulated by China Securities Regulatory Commission.
Before joining Custom House, Mrs. Huang was a client advisor assistant at UBS AG in Hong Kong where she was responsible for the day-to-day administration of onboarding clients and providing updates on their portfolios. Mrs. Huang holds a Master of Finance (Investment Management) from Hong Kong Polytechnic University, PolyU and a Bachelor of Economics from East China Normal University in Shanghai. She will report to Allen Li, Director of the Hong Kong office.
About Custom House Global Fund Services
Custom House Global Fund Services is a leading independent hedge fund administration specialist ideally located to deliver services in Europe, Asia and the Americas. We partner with established hedge fund managers, start up managers, family offices and institutional managers, with a combination of experience, global presence and technology. Founded in 1989, Custom House grew with the alternative investment industry providing superior fund administration and investor services and today provides one of the most advanced service offerings available to fund managers. With over $20bn in AUA, Custom House provides fund administration services to more than 200 managers and 500 investment funds. The firm has offices in Chicago, Dublin, Geneva, Guernsey, Hong Kong, London, Malta, New York, Rotterdam, Shanghai, Shenzhen, Singapore, Sofia and Sydney. For more information, visit www.customhousegroup.com.