Cayman Islands: JP Funds Group Expands Into Asia Pacific With The Establishment Of JP Fund Administration Pte Ltd Singapore
Last Updated: 14 June 2013

(Singapore, 12 June 2013) – Following the establishment of offices in the UK in 2012, JP Funds Group has continued to expand its global footprint by opening for business in Singapore in June 2013.

JP Funds Group Executive Chairman and JP Fund Administration Singapore CEO, Philip Griffiths commented, "The Group has become well established in the Cayman Islands and Europe and it was a natural progression to expand into the Asia Pacific region. It will give us greater geographical and time zone coverage and further enhance our global growth ambitions." The Singaporean company will concentrate on supporting existing clients in the region and attracting new fund administration business for the group. "We intend to increase the presence over time by employing local staff to support the Cayman Islands and UK operations. The use of technology means we can also spread the administration workload over a greater time span, making full use of the differences in time zones and provide more comprehensive support coverage to clients" added Mr Griffiths

The company will also provide fund launch assistance to clients in Asia Pacific financial centres and look to develop other business covered by the group.

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