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: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

Uncovering PEPs in Fight Against Financial Crime

By Rachel Woolley, Global Director of Crime at Fenergo. Non-compliance is a costly business. Throughout 2020, financial institutions (FIs) around the globe have received $10.6 billion in enforcement actions for financial crime violations, including breaches of anti-money laundering (AML) and know your customer (KYC) regulations— up 27% from last year. With the pandemic leading to...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...