New Offshore Fund Taps Eze Portfolio Management & Accounting For Support
SINGAPORE, Dec 28 (Bernama-BUSINESS WIRE) -- KB Asset Management Singapore Pte Ltd, the offshore asset management subsidiary of KB Financial Group, has engaged Eze Software to set up its portfolio management and accounting operations infrastructure to support its expansion plans. The firm was set up as an offshore subsidiary of KB Asset Management to attract global investors with international investment strategies. KB Asset Management Singapore Pte Ltd. is in the process of setting up a new offshore long/short fund in the Cayman Islands, set to launch in February 2018. The firm will be using Eze Portfolio Management & Accounting to support its operations.
“As we embarked on our aggressive growth plans, we wanted to partner with a reputable technology provider that could support our growth globally,” said BH Chung, CEO and CIO at KB Asset Management Singapore Pte Ltd. “Eze Software has a long history of consistent performance and service in the investment management market, and we are confident that it will provide us with the scalability and flexibility we need to expand.”
“We are excited to partner with KB Asset Management to help grow its offshore business,” said R.G. Manalac, Managing Director, APAC, Eze Software. “Asset management in APAC is experiencing tremendous growth, and end investors are increasingly demanding from asset managers a solid technology infrastructure for investment operations. We look forward to supporting KB Asset Management in its efforts to create a scalable technology operation.”
Since the beginning of 2016, Eze Software has signed on more than 40 clients in APAC, ranging from start-up managers with less than USD50 million in AUM to multi-billion dollar institutional asset managers. It was also named “Best Technology Provider – Innovation” in the 2016 HFM Asia Hedge Fund Services Awards. The company has also continued to build out client service support in Hong Kong, Singapore, Australia and Hyderabad.
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