The IMS Group and HedgeOp Compliance, the specialist regulatory services and compliance consultancy to the asset management and securities industry, today announced the opening of its first Asian office, in Hong Kong.
The new office will provide the company's award-winning blend of compliance consultancy, training and software across the region to support local and international firms in their efforts to manage the burden of increased extraterritorial and global regulation.
Hedge funds, wealth managers and other alternative investment managers engaged in the Asian markets will be able to take advantage of focused localized support and global reach. Services include:
• Ongoing compliance consulting across regulatory jurisdictions
• Web-based compliance and personal trading software
• Due diligence services
• The group's regulatory hosting platform, Mirabella Financial Services
The new office will be spearheaded by Jonathan Currie, formerly the head of The IMS Group's Regulatory Transactions Team in London. Currie said: "As with everything we do, our expansion into the Asian markets is in response to customer demand. Local firms looking to market themselves in the EU or the US, as well as global fund managers focusing on the growing opportunities in Asia, are faced with a complex regulatory environment with initiatives such as AIFMD, Dodd-Frank and CFTC registration making national borders increasingly irrelevant. Establishing a first local presence in Asia enables our group to better serve our clients, allowing them to maximize opportunities while substantially minimizing the risk of financial and reputational loss associated through a regulatory breach."
Bill Mulligan, CEO of HedgeOp Compliance, added: "Following the merger between HedgeOp and the IMS Group in January 2012, the establishment of a Hong Kong office became the next logical step in our plans for expansion and continued growth. Our group has delivered sustained high growth and together, we are delivering a trusted and respected program of regulatory services and training designed to support our clients through aur clients through a continuing wavinuing wave of unprecedented regulatory change and ever stricter enforcement."
The new IMS Group office will be located at: 6601, The Center, 99 Queen's Road Central, Central, Hong Kong.