London-based global funds network Calastone is opening an office in Singapore to be its headquarters for the Asia Pacific region.
Calastone has opened its APAC headquarters in Singapore, according to a statement, and the regional strategy and business expansion will be led by managing director Ross Fox who relocates from Sydney. Fox has 15 years of asset management experience, including a decade with Calastone, most recently managing its Australia business.
«The launch of Calastone’s office as the regional headquarters for APAC reaffirms our commitment to Singapore and the region. APAC is an important and strategic growth market for our business,» Ross said.
Launchpad
In addition to being a regional base, the new office will also serve as a launchpad for its distributed market infrastructure (DMI) offering to clients including UOB Asset Management, Allianz PNB Life, StashAway and GrabInvest.
According to the firm, more than 70 percent of fund flows in Singapore are managed by Calastone’s network already.
Calastone is a global funds network with over 3,00 clients in 52 markets. Headquartered in London, it also has offices in Luxembourg, Hong Kong, Taipei, New York, Milan, Sydney and now Singapore.
