Custom House Opens Beijing Office, Adds Staff In Asia Push

Apr 5 2017 | 5:43pm ET

With new fund launches on the rise in Asia, Custom House Global Fund Services has announced the opening of a new office in Beijing.

The new location comes as Custom House experiences increased demand for fully independent fund administration solutions from large financial institutions, private equity firms and hedge funds in China, the company said in a statement. The new office will accommodate the need for experienced fund administrators with a committed local presence, and is the third location opened by the firm in Asia over the last two years.

In addition to opening the new office, Customs House has also announced the hiring of former TAKA Corporate Consulting executive Nancy Wang and former Citic Prudential fund accounting specialist Yichen Huang as relationship managers responsible for business development and client collaboration out of Beijing and Shanghai, respectively. They will report to Allen Li, director of the Hong Kong office.

“We are pleased to have Nancy and Yichen join our team in Asia to strengthen our footprint in the fund administration space,” said Tony Kan, Managing Director of Custom House Fund Services Hong Kong Ltd, in a statement. “Most of our Asian clients require immediate responses from local experienced staff that [can] meet them in person, and have a better understanding of their needs with comprehensive knowledge of local and global fund industries. 

“We particularly see an increase in demand for fully independent fund administration solutions from large financial institutions, PEREs and hedge funds in China, and we believe it is necessary to support this growth with local offices to better service our clients,” he continued. 

Wang joins Custom House from TAKA Corporate Consulting Limited, where she was Head of Sales since 2007, overseeing the North China market.  Prior to TAKA, Ms. Wang was a Channel Sales Associate at IBM China Company Limited.

Huang, meanwhile, joins Custom House from Citic Prudential, where she was a senior manager responsible for fund accounting of money market eunds and REPE funds. Prior to that, she was a senior fund accountant at HSBC Securities Services in Guangzhou and then Hong Kong where she was responsible for fund accounting for ETFs, qualified domestic institutional investors), qualified foreign institutional investors, hedge funds and mutual funds. 

Custom House Global Fund Services partners with established hedge fund managers, start up managers, family offices and institutional managers, with a combination of experience, global presence and technology. Founded in 1989, the company administers more than $20 billion in AUA to 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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