Launches & Closures

UBS Fund Services pushes into Asia

by

Colin Lunn
UBS launched its fund servicing business in the Asia Pacific this week with senior officials expressing optimism that the platform will be able to leverage its strong prime broking, wealth management and asset management presence in the region to win clients and gain market share from more established rivals.

The group recently hired ex-HSBC alternative fund services head and highly regarded Asia veteran, Colin Lunn, to head business development in the region. He is based in Hong Kong and will be assisted by ex-State Street veteran Jenny Lor.

The fund service business is