The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Multifonds Strengthens Asian Team with Two New Hires

Multifonds, a leader in single-platform multi-jurisdictional investment fund software, has hired Chee Seng Lok as business development manager, and Andy Chua as regional product manager, bolstering its Asian division.

Based in Singapore, they will be working together with Sandra Puah who heads the Multifonds professional services team in Asia. Chee Seng and Andy’s focus will be to further expand Multifonds’ business in Asia with its scalable, multi-jurisdictional, single platform, Multifonds is well placed to benefit from the growing demand for efficient fund administration software in the region.

Oded Weiss, CEO at Multifonds, said: “We are excited to have Chee Seng and Andy on board. They are great additions to the Multifonds team and bring invaluable experience of the Asian market to the company that will help us continue to build a strong presence in this region. The hires follow the successful roll-out of our software in Citi’s and HSBC’s offices across Asia.”

Chee Seng joins from BNP Paribas Securities Services where he was a director and product head for Asian fund services. Prior to this he worked for Standard Chartered Bank for three years, as its global product head for fund accounting.

Andy was previously the global operation head for fund services at Standard Chartered Bank where he oversaw the roll out of three new platforms, namely fund accounting, alternative investment transfer agency and retail transfer agency. Andy has also gained experience working for Citibank in the fund services division.

Chee Seng commented: “I am looking forward to working with the team at Multifonds. There are some interesting opportunities in Asia at the moment, as fund administrators and custodians look for efficient software to make their businesses more streamlined and profitable. Multifonds’ products are unique in that they are flexible and usable in multiple jurisdictions, making cross-border transactions easier to administer in our increasingly globalised world.”

Andy said: “Multifonds is a fantastic platform for the funds services industry and it is an exciting time to be joining them. Asia is a fast growing market and the product’s single-platform, multi-currency and multi-lingual abilities mean that it is positioned to do well in the east.”

Chee Seng and Andy will both be attending the ITAS conference in Hong Kong (November 8-9 November 2011), the first day of which will be chaired by Multifonds’ global head of transfer agency, Keith Hale.

Related content

WEBINAR

Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...

BLOG

Lexis-Nexis Financial Crime Report Urges Multi-Layered Approach to Compliance, ID Proofing

Adopting a multi-layered approach to financial crime compliance and identity proofing is an essential best practice for financial institutions seeking to protect themselves from fraud and other criminal activities. That’s among the key findings of this year’s edition of LexisNexis Risk Solutions’ annual True Cost of Financial Crime Compliance Global Report. The report – based on...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...