The global consulting firm continues its international growth
Laven Partners continues its international growth and expansion with the successful recent engagement by four Asian based hedge fund managers for structuring and regulatory compliance services. The clients are being serviced from Laven’s office in Singapore, where it shares resources with local firm GFIA Pte Ltd, a hedge fund consultancy focusing on Asian and emerging markets.
Laven Partners will provide its Asian clients with ongoing compliance services, including compliance systems reviews, preparation and review of compliance manuals and operational/risk management procedures and assessments on operations. Laven Partners will also set up the fund structures and operations of new managers based in Singapore.
Jerome Lussan, CEO of Laven Partners comments: “We have been long considering entering the Asian hedge fund industry and it’s great to see this level of success in such a short span of time. We see ample opportunity here, especially in Singapore where requirements for locally based managers will become more stringent with upcoming changes to the local and global regulatory regime. We are keen to consolidate our presence, as we feel that our experience in global compliance and our local knowledge can really make a difference for managers seeking to meet international practice standards.”
The Monetary Authority of Singapore (the “MAS”) is currently implementing a number of changes to the regulatory regime in Singapore, including new requirements for fund management companies to have two Singapore based principals, the implementation of risk management functions and the requirement for filing annual audited statements with the MAS. These changes are likely to be implemented by Q2 2012. Laven met with officers of the MAS last month and will continue to maintain an open dialogue with the regulator to successfully service its clients.
Laven also believes that the new regime will be enacted without any last minute changes which should provide Singaporean managers with the confidence to grow their businesses, knowing they will benefit from a higher regard internationally thanks to the MAS.
