Guernsey-based fund administrator IAG Holdings has formed new joint ventures in Hong Kong and Singapore with Tricor Group, a member of the Bank of East Asia Group.
According to IAG, the new joint ventures will be operated as Tricor IAG Fund Administration (Hong Kong) Limited and Tricor IAG Fund Administration (Singapore) Pte. Limited.
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The joint ventures will offer fund administration services to private equity, real estate and alternative assets funds in Hong Kong and Singapore.
Johnny Ng, CEO of Tricor Group, said: "We are impressed by IAG’s extensive and proven experience in fund administration services. By joining forces with IAG, we have enhanced both the scope and strength of our fund administration services."
Raymond Page, managing director of IAG, added: "IAG is delighted to have Tricor, the leading corporate services group in the region, as our joint venture partner, in continuing our growth in Asia.
"We are excited by the prospect of working together in conducting a successful independent fund administration business in Hong Kong and Singapore."
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