As well as offering traditional fund administration services, operational support and derivatives processing, the new platforms also provides bank debt processing, and cash/collateral management to alternative investment and private equity firms.
Commenting on the office opening, Wells Fargo Global Fund Services Asia head Celia Choh said, "This expanded local presence is carefully integrated into our global platform, which leverages Wells Fargo’s market experience and expertise."
Johnson Har, who is presently working as vice president will manage the operations at the new office, the wealth manager said.
Har joined the firm in August this year from Custom House Global Fund Services and has also worked with Newedge Group and HSBC institutional trust service in Hong Kong.
Wells Fargo Global Fund Services manages over $25bn in alternative fund assets including equity, macro, commodities, fixed income, credit, distressed, structured credit, private equity, and real estate.
