Vistra Fund Services Launches New Hong Kong Operation

HONG KONG, February 15, 2012 /PRNewswire/ --

Vistra Fund Services is pleased to announce the launch of Vistra Fund Services Asia Limited, to complement the group's fund administration operations in Jersey and Luxembourg. The new operation, which is based in Hong Kong, will provide fund administration and associated services to fund managers throughout Asia.

Rapid growth and acquisitions in this region by fund management clients of Vistra's Jersey and Luxembourg offices have been behind the strategic decision to broaden operations into Asia with a specific fund services offering designed to meet the individual requirements of the Hong Kong and Asian markets.

Vistra has assembled a highly experienced team to spearhead growth into the market. The new Hong Kong-based fund services team is led by Charles Kwun.  Charles has more than 20 years' experience in financial services, covering banking, insurance, pension and fund administration, asset management, trust and custody services.   Prior to joining Vistra, Charles was the Regional Managing Director of Orangefield Trust at which he was instrumental in launching the fund administration services of the company in Asia. Before this role, he was Director & Chief Executive of Bank of East Asia (Trustees) Limited heading up the MPF business and mutual fund administration services of The Bank of East Asia.

The team includes Andrew Mascall-Robson, Executive Director.  Andrew brings a wealth of experience having worked in Asia for 20 years within Fund Services and investment banking. Andrew has held senior roles with JP Morgan as Executive Director Hedge Fund Services Asia, Managing Director Fortis Prime Fund Solutions Japan and Commercial Director Fortis Prime Fund Solutions, Asia. Prior to this, he was General Manager, Head of Equity Derivatives of HSBC James Capel Japan.

Ms. Shirley Yuen, who takes up the position of Executive Director, Relationship Management, has over 20 years' of experience working in CPA firms and financial institutions in Hong Kong. She previously headed up relationship management in the alternative fund services units at Fortis Prime Fund Solutions, JP Morgan and most recently BNY Mellon. Shirley is a Chartered Accountant and a Chartered Secretary. 

Ms. Fang Ling Khor, Director, has more than 15 years' experience in audit, accounting and fund administration services working with Fortis Prime Fund Solutions, HSBC and JP Morgan. Her last role was as Director, Standard Chartered Bank. She is a Chartered Accountant and CPA Australia.

Vistra Fund Services offers a full range of fund administration services with a major focus on alternative investment sectors including hedge funds, real estate, private equity, venture capital and alternative assets.  It uses the Advent Geneva system platform which is generally regarded as the Gold standard in the industry.

Commenting on the new launch, Managing Director Charles Kwun said, "Vistra has a strong track record designing and implementing bespoke fund solutions for clients in Europe and now we are exporting that knowledge and experience and making it available to Asian fund clients. We believe the combination of our highly experienced management team, backed by the resources available in the Group including the tried and tested Advent Geneva system, will appeal to Asian investors with the most demanding of fund design requirements."

About Vistra Group

Vistra is a leading independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals from around the world.

Our clients can benefit from a multi-jurisdictional and personal approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client. Our services include company formation and management, fund formation and administration, trustee services, family office, marine and aviation and accounting services.

Today Vistra employs around 350 employees in 22 offices covering 18 jurisdictions, with each of our offices providing the full range of trust, fund, corporate and estate planning solutions.

Vistra is a unique player in the trust and fiduciary industry, boasting the most balanced geographic reach globally while always guaranteeing the personal and tailored service that our clients deserve.

Together, we bring to life the Vistra ethos of "Crossing Borders, Creating Solutions".

For further information please visit http://www.vistra.com

For further information, please contact Charles Kwun, Managing Director, Fund Services Asia T: +852-2848-0106 M: +852-9229-6061 [email protected] or visit http://www.vistrafundservices.com

Media Contacts:

Citigate Dewe Rogerson
Charlotte Bilney
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Nacelle Ltd
Guy Stephenson/ Erica Evans
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SOURCE Vistra