Admin. Viteos Expands To Singapore

Feb 3 2012 | 12:20am ET

Viteos Fund Services has opened an office in Singapore, its first base in the Asia-Pacific region outside of India.

The hedge fund administrator has already won a client for the new office and is in talks with two others. Viteos has entrusted the new venture to Jay Moghe, formerly of Credit Suisse.

"Our move into Asia-Pacific reflects our belief that the market for 'next generation' fund services is underserved," CEO Shankar Iyer said. "Jay Moghe's experience and his local relationships will be critical as we build our franchise."

The Singapore office is Viteos' seventh: In addition to two in India, it also has a presence in London and the Cayman Islands, and two offices in the U.S.

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