Touchstone, a wealth management administration and accounting systems provider, has expanded its Asia Pacific footprint by launching office in Singapore.

The firm said that the move was fuelled by the increasing demand for its products and services, particularly NavOne that is used by trust and fund administration companies, family offices as well as professional advisory firms across 25 global jurisdictions.

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Touchstone managing director Peter Le Brocq said: “There has been a drive for companies to have better administration and accounting systems to help them look after their clients’ assets, particularly with the impending regulation of the Hong Kong financial services market.

“Establishing a physical presence in Singapore underlines our commitment to the region, to our existing customer base, and the opportunities we are already seeing.”

Touchstone was founded in 1997 in Jersey and set up an Australia office in 2008. The firm currently has a workforce of 50.

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