NEWS
IMS HedgeOp extends footprint to Hong Kong
06 March 2013
Category:
News, Global, Hong Kong
By Asia Asset Management
The IMS Group and HedgeOp Compliance, a specialist regulatory services and compliance consultancy to the asset management and securities industry, announced on Wednesday (March 6) the opening of its first Asian office, in Hong Kong.
Services will include:
· Ongoing compliance consulting across regulatory jurisdictions
· Web-based compliance and personal trading software
· Due diligence services
· Training
· The group’s regulatory hosting platform, Mirabella Financial Services
The new office will be spearheaded by Jonathan Currie, who was formerly the head of the IMS Group’s regulatory transactions team in London.
“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 maximise opportunities while substantially minimising the risk of financial and reputational loss associated through a regulatory breach,” said Mr. Currie.
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 a continuing wave of unprecedented regulatory change and ever stricter enforcement.”
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