KB Asset Management Singapore Pte Ltd. is currently preparing for an expansion of its operations through the upcoming launch of an offshore fund. The new operation is expected to take place in February 2018, and will be located in the Cayman Islands.
Eze Portfolio Management & Accounting has been selected to assist during the process by providing the tools and support necessary to achieve a successful operational launch. BH Chung, CEO and CIO at KB Asset Management Singapore Pte Ltd., explained: “As we embarked on our aggressive growth plans, we wanted to partner with a reputable technology provider that could support our growth globally. Eze Software has a long history of consistent performance and service in the investment management market, and we are confident that it will provide us with the scalability and flexibility we need to expand.”
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Eze Software has achieved impressive growth over the past two years, increasing its presence and market share across APAC. In September, the software company appointed Laura Ryan as Head of Sales in the region. KB Asset Management Singapore was searching for a partnership that would provide it with the value and expertise needed to reach their desired goals in the most efficient and timely manner.
R.G. Manalac, Eze Software’s Managing Director in APAC, also reacted to the partnership: “We are excited to partner with KB Asset Management to help grow its offshore business. Asset management in APAC is experiencing tremendous growth, and end investors are increasingly demanding from asset managers a solid technology infrastructure for investment operations. We look forward to supporting KB Asset Management in its efforts to create a scalable technology operation.”
Strategic partnerships are not new to KB Asset Management. Earlier this year, the company teamed up with Axioma, a provider of risk and portfolio management solutions. Axioma assisted in the expansion of the group’s market penetration in Europe, by offering solutions to enhance the company’s equity portfolios.