The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
With opportunities to capitalise on the influx of public and foreign funds into the region, the company says it plans to strengthen its presence in Asia through both organic growth and acquisitions.
ôThe government wants to make Singapore a financial hub in the region, by offering attractive incentives to private banks and private equity fund managers,ö says Charles Kwun, managing director of Orangefield Trust in Hong Kong.
ôSingapore has also entered into double tax treaties with other jurisdictions, another advantage for fund managers. We saw a growing potential for private equity managers getting into Singapore, so we believe there is a market for boutique service providers like Apes,ö he adds.
Kwun will also head up the new merged entity in Singapore. Apes founder Tek Yok Hua has been appointed director and managing administrator of the new entity. The firm has also poached a former KPMG qualified accountant to take up the role of chief operating officer, but declined to reveal his name.
Orangefield also plans to double its existing team of five staff in Singapore by the end of the year, in order to build up capacity for new business.
With over $2 billion of assets under administration, Apes has clients such as Baring Private Equity on its books.
A spin off from ING Trust, Orangefield specialises in trust and corporate management services, with a diverse client portfolio that includes Fortune 500 companies, mid-sized businesses and private customers.
Malaysia's Armed Forces Fund hires new CEO; Canada's Omers appoints Asia capital markets managing director; HSBC Asset Management creates alternatives unit, appoints CIO as its head; Bank of Singapore names global wealth head; Aware Super hires IFA head; Hong Kong names acting head for MPFA; Schroders adding to Asia ESG headcount; and more.
The French fund house becomes the world’s largest responsible asset manager to help asset owners implement sustainable investing, underlining its serious commitment to ESG.
The long-waited infrastructure Reits have finally arrived in China and, while experts see a slow start with hurdles ahead, they say it will later move to a 'big bang'.
AsianInvestor reveals the second half of the standout funds in our latest awards, including equity funds, the top Reit and the best smart beta vehicle.