The Hong Kong Trust Company has chosen and implemented Linedata Admin Edge to provide fund administration servicing for its client base of individuals, family offices, intermediaries and corporations.
Hong Kong Trust provides professional trusteeship, fiduciary services, fund and private equity administration and corporate services.
The selection of Linedata Admin Edge was based on the platform’s strong functionality and ability to manage both fund administration and transfer agency functions and to handle a broad range of funds, many with special rules. Other criteria were the scalability, automation and compliance benefits of this established, robust administration platform.
Carolyn Butler, CEO of Hong Kong Trust, says: “We are a specialist provider and have funds and structures with complex rules so Linedata Admin Edge’s ability to service different type of structures was key. In addition, we wanted a solution which could scale up with us as we continue to expand. We have already seen the benefits of automation, indeed we have been able to grow without adding additional staff, yet retain our high levels of client servicing.”
“We are pleased to be able to provide Hong Kong Trust with local expertise through our recently opened support office for our back office clients in Asia,” says Ciaran Whooley, regional head of client services at Linedata. “Hong Kong Trust’s requirement for a highly flexible, cost-effective fund administration solution which can handle a wide variety of complex fund types including private equity is one that we see increasingly, and one which fits Linedata Admin Edge’s profile especially well.”
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