Custom House Opens New Office in Shanghai; Expands Staff

Aug 29 2016 | 10:20pm ET

Independent fund administrator Custom House Global Fund Services has announced the opening of a second office in China in response to continued investor interest in accessing global financial markets via regional centers.

The firm’s new office is in Shanghai. The company has also hired former UBS executive Sonny Huang as a relationship manager in charge of new business development and collaboration between the company and its clients, Custom House said in a statement. Huang will report to Allen Li, director of the firm’s Hong Kong office.

Prior to taking her new role, Huang was a client advisor assistant at UBS AG in Hong Kong, where she was responsible for the day-to-day administration of onboarding clients and providing updates on their portfolios.

“Our continued growth in China supports investor’s desire to gain immediate access to a financial services center perfectly suited to meet the demands of those who are looking to venture into the global financial markets,” said Mark Hedderman, CEO of Custom House Global Fund Services in the statement. “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.”

Custom House completed the transition to independence in early 2016 after being owned by TMF Group since 2014. Founded in 1989, the Chicago-based company is a hedge fund administration specialist with over $20 billion in assets under administration for more than 200 managers and 500 investment funds, including hedge funds, CTAs, private equity firms, venture capital firms, family offices and other alternative investment vehicles

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