Vistra Fund Services (VFS) this week announced further expansion in Asia with the opening of its Singapore office. VFS is a global independent fund administrator and part of the Vistra Group, a global provider of corporate, trust and fiduciary services, as well as fund administration and outsourcing services. »

Private equity investor the Abraaj Group has exited its investment in the restaurant chain Hot Pot, through an initial public offering on the local Thai stock exchange that was more than three times oversubscribed. »

Fortress Investment Group has closed the Fortress Japan Opportunity Fund II (FJOF II) at its cap of JPY130bn, or approximately USD1.65bn. »

Cash-rich Asian companies will be among those corporations with healthy balance sheets driving global stock markets higher through acquisitions in 2013, according to Managing Partners Limited, the boutique fund management company. »

Assets under management of Asia Pacific exchange-traded products increased by USD4.1bn and ended at USD131.8bn last week, according to figures released by Deutsche Bank. »

Saudi Hollandi Bank (SHB) has selected an integrated transaction banking solution from Misys as part of the bank’s strategy to upgrade its trade finance and cash management online services. »

DLJ Real Estate Capital Partners has launched Sino Ocean Express, a residential development project located in the Longgang District of Shenzhen, China. »

Baird, an employee-owned international financial services firm, and Axis Capital, the investment banking subsidiary of Axis Bank, have formed an alliance for investment banking services, with an initial focus on cross-border mergers and acquisitions between India and Europe, and India and the US. »

Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) has set up its first remote liaison office in West China in Chengdu Tianfu Software Park. »