SANNE Cleared To Widen Asia-Pacific Services

Tom Burroughes

7 September 2018

Sanne Group Asia Limited, part of global group , has been cleared by Hong Kong regulators to provide trust or company services in the jurisdiction.

The authorisation means that SANNE can add to the services it gives to Asia-Pacific alternative investment managers. The clearance came under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

“Our new TCSP licence enables us to strengthen the services we provide to our APAC clients from large asset managers, investment funds, corporate and financial institutions. The awarding of our TCSP licence enhances our funds capability in the region, which fits our APAC growth strategy and further highlights our global end-to-end services offering in Hong Kong,” Martin Schnaier, chief commercial officer at SANNE, said.

The licence award comes about a year after the firm appointed Mark Law, managing director, alternative assets – APAC & Mauritius. He is based in Hong Kong.