Bisys Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund, fund of funds and private equity industry, today announced the opening of its new Hong Kong office.
The move into Asia is an important step in Bisys' international growth strategy with assets under management in Asia having grown by over $100 billion over the past two years alone.
Bisys has been tracking the Asian marketplace closely for some time and sees a clear need for an experienced administrator that is committed to overall success and growth in this region. As a global leader with over $250 billion in hedge fund and private equity assets under administration, Bisys brings a tremendous level of expertise, industry knowledge and client service focus that has proven to be highly successful.
"We are pleased to be able to offer our strong expertise to the Asian market through our presence in Hong Kong and look forward to servicing our existing and new clients and providing the solutions they are looking for from a global leader in hedge fund administration," said Glenn Kennedy, managing director of Bisys Alternative Investment Services.
"It's a pleasure to provide a turnkey solution to fund sponsors in Asia, giving them the expertise and experience in private equity fund administration that is critical to their success," said Joseph Patellaro, senior vice president of Bisys Private Equity Services. "As a leader in the private equity space, our movement into Asia is a natural extension of our business as we look for ways to enhance support and service to our existing clients and to attract new ones through the thought leadership and best practices for which we are known."