Standard Chartered has launched the Alternative Investment Fund Administration service for the Asia Pacific and Middle East markets.

The service expands the Bank’s fund service capabilities by providing a comprehensive range of fund administration solutions to alternative fund clients through 2 regional centers, Singapore and Hong Kong. With an extended product suite complementing Cash, Custody and Global Market services, clients gain access to the full range of financial services needed for investment and administration.

Standard Chartered’s Alternative Investment Fund Administration accommodates a broad cross section of strategies and fund types. In particular, Standard Chartered is able to support all major hedge fund strategies as well as private equity, property and infrastructure funds. With this service, clients will be able to depend on Standard Chartered’s presence, financial stability and continuing commitment so that they can focus on their core business activities.

Together with applications already in use, Standard Chartered now offers a range of solutions including:

• Fund and investment accounting
• Onshore and offshore administration
• Single and multi-tier investor servicing
• Real time tracking of investors’ transactions
• Improved processing times and reporting times
• Integrated performance fee modules

Alastair Pow, Global Head of Product, Fund Services at Standard Chartered Bank, said:

“At Standard Chartered, we firmly believe in the long-term growth prospects in the region and aim to offer new products that add value to our client’s expanding needs. Since the launch of our Fund Services business in 2008, we have built a strong alternatives administration team. Despite uncertain market conditions, this launch is another example of our on-going commitment to growing our Securities Services business within our footprint. As an organisation, we are well positioned to make a difference in addressing the overall banking needs of our clients.”