Wells Fargo Fund Services, the fund management arm of US-based Wells Fargo & Company, has opened an office in Hong Kong to cater to more clients in Asia.

The new office, located at AIA Central in Connaught Road, will be led by Johnson Har. 

Har brings extensive financial services experience to the role and joined Wells Fargo in August this year as vice president. He used to work for the likes of Custom House Global Fund Services, Newedge Group and HSBC Institutional Trust Service in Hong Kong.

Wells Fargo Fund Services provides traditional fund administration services, derivatives processing, bank debt processing and cash/collateral management to alternative investment and private equity firms. 

To-date, the division administers more than $25 billion in alternative fund assets through offices in Singapore, London, Dublin, Jersey, New York and Minneapolis.