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JP Morgan builds out fund admin business in Asia

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JP Morgan is building out its hedge fund services business in Asia Pacific to serve rising demand for outsource services by new and existing funds. It recently appointed Adam Wallace as executive director and regional product head of hedge fund services, joining a team of 40 in Hong Kong that will add more key executives in the near future, according to the bank.

Wallace - who replaces former head Andrew Mascall-Robson, who has departed from the bank - oversees hedge fund administration, transfer agency, fund of hedge fund custody and middle office services for hedge funds and fund