Jersey’s Sanne Group names MD for its Asia-Pacific/Mauritius biz
Jersey’s Sanne Group, a FTSE 250-listed provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, has named Mark Law, pictured above, to head up its Asia-Pacific and Mauritius regional business.
At Sanne, Law’s title will be managing director, alternative assets, the company said in a statement today.
Law’s appointment comes a little more than eight months after the company announced it was acquiring a Mauritius-based entity in the same business, International Financial Services Ltd for US$127.3m (£100.8m,€120m), as it prepared to expand its geographical footprint.
Law, who is based in Hong Kong, comes to Sanne from Deutsche Bank, where he headed up its custody, clearing fund administration and securities lending business for the Asia-Pacific region. While at Deutsche Bank, he was responsible for 12 jurisdictions, Sanne noted.
Prior to this, but still with Deutsche Bank, he worked in Tokyo and Mauritius, heading up the German institution’s Institutional Cash Management and Fund Services businesses respectively, on behalf of its corporate trust operations.
At Sanne, Law’s focus will be on expanding the company’s alternative asset capabilities across the Asia-Pacific and Mauritian networks, and across its target client markets, Sanne said.
This, it added, would include “delivering initiatives to develop an Asia-specific service platform with multi-jurisdictional capabilities to further enhance” the Sanne brand and products among the region’s key asset managers, banks and financial institutions.
anne was established in Jersey in 1988, and originally was a private client fiduciary services provider.
A corporate funds services business was added in 2003, and other categories of corporate services were added over the next few years. The company began to expand internationally in 2007 and 2009, with the opening of offices in Luxembourg and Dublin; Hong Kong, Shanghai and Dubai outposts followed in 2010. It listed on the London Stock Exchange in 2015.
The company now operates across 11 jurisdictions, and is headed up by Dean Godwin, who was named chief executive in 2012.