Dutch fund administrator Intertrust has opened a new office in Shenzhen, China to expand its presence in the country.
The new location marks the firm’s fifth office in China. The other four offices are located in Hong Kong, Shanghai, Beijing and Guangzhou, where the company employs 230 staff.
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Through the Shenzhen office, Intertrust intends to serve its Chinese and foreign clients and facilitate cross-border investments.
The new office will be spearheaded by Intertrust China associate director of business development Felix Deng.
Deng has been overseeing corporate services, fund administration, capital markets and trust services for outbound and inbound investments since 2012.
Intertrust China managing director Bill Guo said: “Shenzhen is a rapidly growing city in China and has evolved to become one of the world’s leading hubs for high-tech companies.
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By GlobalData“Driven by the GBA development plan, Shenzhen will create more opportunities for business growth and investment. Our new office in this dynamic city is another step forward for us to solidify our leading position in providing administrative solutions.”
In June this year, Intertrust bought Viteos, a US-based funds technology solutions provider, for $330m from PPC Enterprises, FiveW Capital and Viteos management. The sellers bought Viteos in 2017.
In April, Intertrust established a new fund administration business in Ireland. The new business will support Irish and non-Irish domiciled collective investment schemes.
