Acuity Funding to open three new Asia Pacific offices
Finance specialist Acuity Funding are opening three new locations – in Vietnam, Singapore and Nepal – following demand from international clients.
The expansion came as the group continued to secure finance for a $35 billion pipeline of commercial projects in Australia and Southeast Asia.
The Sydney-based company decided to open offices overseas to better service clients in the Asia Pacific region and access broader funding lines.
Ranjit Thambyrajah, Acuity Funding managing director, said the Nepal processing centre was crucial to handle the increased volume of business.
“While this will drive efficiencies at Acuity it is also an exciting new initiative for us to provide much needed employment and skills training to the people of Kathmandu,” Thambyrajah said.
“In Singapore we will be establishing a local presence with the specific aim of bringing in new funding lines,” Thambyrajah said.
“As a major financial centre, Singapore is the ideal location to strengthen ties with existing funding partners and build new relationships with fund managers, boutique investment houses and ultra high net worth individuals.”
AUTHOR
Chris Dastoor
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
