The new centre will act as a hub to offer relationship support to clients, initial public offerings and consultative services for clients in the west coast region, claims AST.

AST president and chief executive officer Mark C Healy said as AST continues to grow and expand, San Francisco is the right choice for its next office location.

"We are fully committed to providing an industry-leading customer experience, and we are executing this goal through continued investments in people, technology and operations across North America," Healy said.

The firm is deepening its stake into major markets throughout North America and has included over the past two years, and added new services, such as investor relations services, shareholder identification, asset recovery, investment management solutions and proxy and governance advisory solutions for corporations, mutual funds and closed-end fund managers.

Through its sister company AST Investor Services, AST also caters a self-directed online brokerage offering with superior investment choices and robust financial research, transactional capabilities and planning tools to investors.

American Stock Transfer & Trust Company (AST) and its affiliates in the Link Group network offers registry services and technology to financial market participants in North America, Australia, New Zealand, Hong Kong, India, South Africa and the UK.