Hong Kong

Solas announces further Hong Kong Expansion

Singapore-headquartered Solas Fiduciary Services has reported that it has continued to expand its Hong Kong presence.

Martin O'Regan, Managing Director, Solas Fiduciary Services, said: “Since the opening of our Hong Kong office in early 2019, we have made tremendous strides in growing our presence in Hong Kong to bring on board talent and to capitalize on the growing trends of the asset management industry.”

Solas has announced that it has appointed Ashish Patel as a Fund Director and Consultant, according to his LinkedIn. Patel is a seasoned veteran who has held Senior Prime Services roles at BNP Paribas and Barclays, said Solas in a press release. He is reportedly very familiar with fund setup, corporate governance, and fund operations across multiple jurisdictions.

In addition, Solas achieved a key milestone in Hong Kong this year by forming a strategic partnership with OP Investment Management (OPIM), a hedge fund platform in Asia. Together, Solas will provide world class corporate governance to funds in the region and support highly experienced fund managers in China looking to establish a fund business in Hong Kong and beyond.

“With the Open-Ended Fund Company regime (OFC) and new LP legislations taking off in Hong Kong, we are committed to providing our best service to clients. With our existing team and strong infrastructure, continual addition of new talent and our extensive knowledge of fund structures we are best placed to service onshore and offshore structures. We are fully committed to Hong Kong, and that commitment was recently recognised by Dr. Jiang Xueli, Assistant Director of Invest Hong Kong in their recent July publication,” said O'Regan.