Sanne Group Asia Limited (SANNE) has been authorised under Section 53G of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) to provide trust or company services in Hong Kong by the Hong Kong Companies Registry.
The authorisation further enables SANNE to provide an enhanced suite of services to Asia-Pacific (APAC) alternative investment managers, in addition to its existing offering as a trust or company service provider.
Martin Schnaier, chief commercial officer at SANNE said: “Our new Trust or Company Service Provider (TCSP) licence enables us to strengthen the services we provide to our APAC clients from large asset managers, investment funds, corporate and financial institutions. The awarding of our TCSP licence enhances our funds capability in the region, which fits our APAC growth strategy and further highlights our global end-to-end services offering in Hong Kong.”
The award of this licence comes just over a year after SANNE appointed Mark Law, managing director, alternative assets – APAC & Mauritius who is based in Hong Kong.
SANNE is a global provider of outsourced alternative asset and corporate administration and reporting services, employing more than 1,200 people worldwide and administrating structures and funds that have in excess of £200 billion of assets.
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