Guernsey fund administrator launches China offering

Guernsey-based International Administration Group (IAG) is to offer fund administration services in China.

The company has formed a joint servicing platform with Exceedor in Shanghai which means it can offer onshore RMB denominated private equity fund administration services in China.

This latest initiative follows on from IAG opening a Hong Kong office earlier this year. Julian Carey heads up that office and said,  “We already administer many of the traditional fund structures for private equity, real estate and other alternative assets. Now we have extended our services to include RMB denominated funds domiciled in China, effectively providing a one-stop shop for clients with both onshore and offshore structures investing in China. This development continues our focus on expansion into the Asian fund administration market and demonstrates our commitment towards the region. The Shanghai office will greatly complement our presence in Hong Kong and Guernsey.”

Late last year, Guernsey’s Chief Minister Lyndon Trott signed a Tax Information Exchange Agreement (TIEA) with the Chinese central government tax authorities and a Memorandum of Understanding (MoU) for exchange and co-operation with the Shanghai Financial Services Office. And just last month, Guernsey was given approval for companies incorporated in the Island to list on the Hong Kong Stock Exchange (HKEx). http://www.iag.co.gg