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IMS HedgeOp to open Hong Kong office
07 March 2013
Group and HedgeOp Compliance will open its first Asian office to assist hedge funds, wealth managers and alternative investment managers with regulation
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IMS HedgeOp
regulation
AIFM directive
Dodd-Frank
IMS Group and HedgeOp Compliance will open its first Asian office in Hong Kong to provide compliance consultancy across the region to local and international firms in their efforts to manage extraterritorial and global regulation.
Services for hedge funds, wealth managers and other alternative investment managers at the new office will include compliance consulting across regulatory jurisdictions, web-based compliance and personal trading software as well as due diligence services and access to the group’s regulatory hosting platform, Mirabella Financial Services.
Jonathan Currie, who formerly was the head of the IMS Group’s regulatory transactions team in London will head the new establishment.
“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 AIFM directive, Dodd-Frank and CFTC registration making national borders increasingly irrelevant," Currie said.
"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,” he added.
HedgeOp and the IMS Group merged in January 2012. According to CEO of HedgeOp Compliance, Bill Mulligan after the merger the establishment of a Hong Kong office became the next logical step in the firm's plans for expansion.
"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.”