Global funds network Calastone has furthered its growth in the Asia Pacific region with the opening of a new office in Taiwan.
London-headquartered Calastone has opened a new office in Taipei, according to a statement, with a focus on furthering its fund processing and reporting services in Taiwan.
This marks the firm’s third office in the APAC region, alongside Singapore and Hong Kong. «Taiwan was our first key Asian market as we entered the APAC region in 2009,» said Justin Christopher, managing director and head of Asia at Calastone.
Automated Fund Processing
Taiwan’s fund industry has grown steadily in recent years to $177 billion in 2021 and according to Calastone, the firm provides automated cross-border fund processing to over 80 percent of fund distributors in the market.
«Taiwan continues to be an important market and we see a lot of potential and opportunities to further support the industry as it continues its digital journey,» Christopher added.
Calastone has 3,500 clients in 54 markets using its services to process 250 billion British pounds ($304 billion) of investment value each month. In addition to London and Asia, the firm also has offices in Luxembourg, New York, Milan and Sydney.
