Digital Assets Report


Like this article?

Sign up to our free newsletter

Custom House Global Fund Services opens Shanghai office

Related Topics

Hedge fund administration specialist Custom House Global Fund Service has expanded its presence in China with the opening of an office in Shanghai.

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," says Mark Hedderman, chief executive, 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," says 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," adds Thomas Huang, deputy CEO of Harvest Wealth Management.
Harvest Wealth Management is the subsidiary of Harvest Fund Management. Both companies are regulated by China Securities Regulatory Commission.
Before joining Custom House, Huang was a client adviser assistant at UBS in Hong Kong where she was responsible for the day-to-day administration of onboarding clients and providing updates on their portfolios.
Huang will report to Allen Li, director of the Hong Kong office.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading