Deutsche Bank today announced the opening of specialist hedge fund administration offices in Dublin and Singapore to complement its existing offices in California, Massachusetts and the Cayman Islands.
With this expansion, Deutsche Bank's DB HedgeWorks unit will now offer administration services to hedge fund managers and fund of fund managers in Europe and Asia as it does in the US, as well as providing global hedge fund and fund of fund managers with a single-source, worldwide administration solution.
Martin O'Regan, based in Singapore, will serve as head of client services for the Bank's hedge fund administration business in Asia. Martin has over ten years' relevant experience, and joins the Bank from UBS Fund Services in Hong Kong.
Tom Dolan, based in Dublin, will serve as head of client services for the hedge fund administration business in Europe. Tom has over fifteen years' relevant experience, and joins the Bank from Citco Fund Services in Dublin.
Christopher P. Nero, Global Head of DB HedgeWorks, said, "DB HedgeWorks has a well-established reputation for experience and service excellence in the US, one of the most developed hedge fund markets in the world. We look forward to bringing this same level of service and experience to clients in Europe and Asia."
DB HedgeWorks, established in 1999, was acquired in January 2008 by Deutsche Bank. The company provides independent administrative services to hedge funds, including investor services, fund accounting, net asset value (NAV) calculation, customized web reporting to managers and investors, and fund of funds custody. DB HedgeWorks is part of Deutsche Bank's Global Transaction Banking division.