Largest global funds network Calastone has opened a regional headquarters in Singapore, underpinning its aggressive growth strategy to expand product offerings and footprint across the Asia Pacific region.
The new regional headquarters will serve as a launchpad to extend its suite of offerings from its Distributed Market Infrastructure to more fund managers, distributors and platforms in the region. Calastone’s portfolio includes UOB Asset Management, Allianz PNB Life, StashAway and GrabInvest.
Globally headquartered in London with eight offices in North America, Europe and Asia Pacific, Calastone’s new office in Singapore will strengthen the firm’s ability to connect the world’s largest community of funds. With 70% of fund flows in Singapore already managed by Calastone’s network, the firm believes it is well positioned to enhance the city-state’s unrivalled status as a pan-Asian asset management hub.
“Asia Pacific is an important and strategic growth market for our business. Opening our regional hub in Singapore will help us support the growing demand for digitalisation in Asia Pacific’s funds industry, while enhancing our service delivery capabilities to both new and existing clients,” says Calastone managing director for Asia Pacific Ross Fox.
Fox has relocated to Singapore from Sydney, where he was previously responsible for managing Calastone’s Australia business. With more than 15 years of experience working across the asset management industry, Fox will lead Calastone’s strategy and business expansion in the Asia Pacific region.
“Using the power of the very latest technologies, we are streamlining the processing of funds in a frictionless environment. Our mission is to reduce complexity and drive out risk and cost for all participants, enhancing the industry’s ability to innovate, automate and deliver greater value to the investor, and in turn making investing accessible to all,” says Fox.
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Calastone has over 3,000 clients in 53 countries and territories, processing GBP250 billion ($405 billion) of investment value each month.
