Fund administrator SANNE has expanded its footprint in Asia Pacific by establishing an office in the Japanese capital of Tokyo.
The new office will tend to the firm’s local real estate customers. At the same time, it will deliver core services for alternative asset managers.
The Tokyo branch will be led by Mark Bennett, who has been named as the country head of the firm’s operations in Japan.
“SANNE has been on a very strong path of continued growth over the past few years and establishing a foothold in Japan further reinforces our continuing growth aspirations,” Bennett stated.
The firm opened Shanghai and Hong Kong offices in 2010, marking the start of its Asia footprint. This was followed by the launch of an office in Singapore four years later.
SANNE managing director of Asia-Pacific and Mauritius Mark Law said: “As an important global financial centre for alternative assets, our new office will be key to servicing our global and local institutional asset management client base.
“I am also delighted to see Mark Bennett join SANNE as Country Head of SANNE’s Japanese business. Mark brings a huge wealth of talent, experience and expertise in the institutional asset management space both in Japan and across the region.”
Law said that the launch of the new office is in “direct response to client demand”.
The latest move comes shortly after the firm obtained a licence to offer trust or company services in Hong Kong.