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HSBC has appointed Wout Kalis to head the Singapore operations for its alternative fund services business, the group's core provider of fund administration and custody to the alternative sector.

In his new position, Kalis will play a key role in expanding and developing HSBC's alternative fund services business in Singapore, overseeing all aspects of business in the office including client services, portfolio valuation, client relationship management, business development and implementation of the business's global strategy.

Kalis brings more than eight years of experience of the securities services business. Before joining HSBC, he was a senior relationship manager at the Citco Group, where he was involved in the establishment of a client relationship team across different divisions within the group.

'Wout is an expert in the alternative fund services business, with a proven track record,' says Arjun Bambawale, chief executive of HSBC Institutional Trust Services in Singapore. 'The industry has experienced impressive growth over the last few years and fund managers globally continue to focus on Asia. We are confident that Wout will lead our already very talented team to build on the strength and success of the business.'

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