Mourant has expanded its International Finance Administration division into Asia with the opening of new offices in Hong Kong and Singapore.
The new offices complement Mourant’s existing strategically placed offices in Cayman, Dubai, Guernsey, Jersey, London, Luxembourg, New York and San Francisco.
The new offices will focus on providing the private equity, real estate and hedge fund communities with Mourant’s award-winning fund administration services, which currently administer in excess of US$145 billion in these asset classes, stated a press release.
Heading up the new offices, and based in Hong Kong, is recently appointed Tim Mann, previously of Ernst & Young and Fortis and with extensive experience in the alternatives industry in Asia.
‘I’m delighted to have the opportunity to lead such a strong fund administration brand as it enters a new geographical market,’ said Mr. Mann.
‘Mourant’s highly professional and structured approach to providing fund administration services is outstanding, which is evidenced by the high quality of its client base.’
Recognising the increasing demands of sponsors and investors, Mourant’s aim is to provide a seamless cross-jurisdictional service to the alternative investment industry.
The Singapore office is headed up by Cengiz Somay, recently transferred from his role as Head of Group Strategy from Mourant’s office in Jersey. The office is based at Six Battery Road, Raffles Place. The new Hong Kong office is based at One Exchange Square, 8 Connaught Place Central.
‘Many of our clients have an international focus and continue to look for deal opportunities which often span jurisdictions,’ Ian Lambert, Chief Executive officer of Mourant International Finance Administration, said in the release.
‘It’s important to us that we are well placed to help our clients manage funds which require multiple jurisdictional structures. Having offices in Asia places us at a powerful advantage in being able to offer clients a broad range of services to suit both onshore and offshore funds across the globe.’