SinoPac Solutions and Services will target small-to-medium sized hedge funds, private equity funds, family offices and wealth management companies.
The platform will provide services ranging from business setup to capital raising, as well as, middle and back office administration.
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The former CEO of Oppenheimer Investments Asia, Steve Bernstein, has been appointed to head the new portfolio management support platform.
Bernstein will take over his new responsibility on 1 December 2012, pending approval from SinoPac Holdings and Securities board. He will be based out of Hong Kong.
Eric Chuang, president of SinoPac Securities in Taiwan, said: "The increase in regulatory requirements and investor due diligence, as well as constraints on operational budgets are driving small-to-medium sized investment houses to outsource their administrative functions."
"Small-to-medium sized Asian-based fund managers account for 85% of the fund industry and we see an opportunity to provide a full service platform to this major sector of the market," Diederik Werdmölder, managing director of SinoPac Asset Management, added.
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