Sanne Group Asia has obtained a licence from the Hong Kong Companies Registry to offer trust or company services in Hong Kong.

The licence also allows the firm to serve alternative investment managers in the Asia-Pacific region.

Sanne chief commercial officer Martin Schnaier said: “Our new TCSP licence enables us to strengthen the services we provide to our APAC clients from large asset managers, investment funds, corporate and financial institutions.

“The awarding of our TCSP licence enhances our funds capability in the region, which fits our APAC growth strategy and further highlights our global end-to-end services offering in Hong Kong.”

Sanne managing director of alternative assets for Asia-Pacific and Mauritius Mark Law added: “The granting of this TCSP licence to SANNE highlights our credentials as a trusted provider of trust or company services.

“It also demonstrates our commitment to Hong Kong and the country’s financial services sector.”

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Law was appointed in this role around a year ago and is based in Hong Kong.

Moreover, Sanne also said that it intends to expand in order to cater to the increasing demand for outsourced business administration services from EMEA, Americas, and Asia-Pacific.