Thursday, 2 October 2014
Last updated 10 min ago
Nov 5 2013 | 11:51am ET
The Maples group has launched a full-service MaplesFS in Singapore
Eastern Fong, regional head of fund services in Asia, will lead Maples Fund Services (Singapore), which will provide middle-office, data aggregation/reporting and fund administration services to Singapore-domiciled funds established by family offices, private wealth managers and institutional investors. In addition, the team will service Cayman Islands funds that require on-the-ground support from Singapore.
Hugh Thompson, global co-head of fiduciary, will lead Maples Fiduciary (Singapore) which will offer company formation, registered office, company secretarial, client accounting, voluntary liquidations, and directorship services for Singapore-domiciled entities.
The Singapore team will also provide director services for Cayman, Hong Kong and British Virgin Islands-domiciled entities.
Said MaplesFS CEO Scott Somerville in a statement: "We are excited about the opportunity that Singapore creates as a jurisdiction, particularly as it relates to business arising from family offices, institutional investors, hedge funds and private equity. Our presence in Singapore will significantly boost our brand as a regional offering with close ties to our existing office in Hong Kong.”
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