The Hong Kong Companies Registry has granted Sanne Group a licence to provide trust and company services in Hong Kong.
The company is looking to expand its alternative investment strategy alongside its existing role as a trust or company service provider.
Mark Law, managing director, alternative assets – APAC and Mauritius, said: “The granting of this TCSP licence to SANNE highlights our credentials as a trusted provider of trust or company services. It also demonstrates our commitment to Hong Kong and the country’s financial services sector.”
The award of the licence comes just over a year since Law’s initial appointment at Sanne.
Martin Schnaier, chief commercial officer at Sanne said: “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.”