Exceedor link helps IAG offer more in Asia

Friday 24th June 2011, 2:30PM BST.

IAG managing director Raymond Page, left, with Joicy Ma, Exceedor founder Yu Qi, Clare Chang and IAG Hong Kong office MD Julian Carey. (Picture by Peter Frankland, 1150381)

A PARTNERSHIP with Shanghai finance firm Exceedor has seen International Administration Group further expand its fund administration business in Asia.

The Guernsey group is forming a joint servicing platform with Exceedor which will allow it to offer renminbi-denominated private equity fund administration services in China.

It follows the opening of IAG’s Hong Kong office towards the end of 2010.

IAG managing director Raymond Page said the business, which employs 40 staff at its offices at Regency Court, Glategny Esplanade, recognised the importance of developing a presence in Asia as it was a key driver for the global economy.