OPIM and Solas announce strategic partnership for China and Asia's emerging fund program
HONG KONG,June 15,2020 -- OP Investment Management ("OPIM"),Asia's leading hedge fund platform,and Solas Fiduciary Services ("Solas"),a leading regional provider of independent directorship services,jointly announce that they have entered a strategic partnership to provide a one-stop solution adding Solas's regulatory and fiduciary offering to OPIM's award-winning regulated fund platform services.
Meeting explosive growth of emerging funds in Hong Kong,Singapore and mainland China; OPIM and Solas are gearing up in infrastructure and cross-border expertise. Combined,they promote standardized corporate governance structure for funds managed across Asia.
OPIM is committed to providing the best fund incubation services in both structuring fund vehicles,board composition,and ongoing risk and asset management. We recognize Solas's contributions to promoting corporate governance for emerging and established managers across Asia and expertise in both onshore and offshore regulation. These resonate with OPIM's values and standards. Their addition to the OPIM platform solutions will further alleviate managers' difficulties in structuring,governance and oversight so they can focus on performance. Given our collective expertise in best in class practices,we can provide tremendous value add to funds in Asia,especially China,as we have a team who is fluent in Mandarin with on the ground experience.
Alvin Fan,CEO of OPIM commented,"With increasing demands from both regulators and allocators,board independence and corporate governance is not just a preference but now a pre-requisite. Funds are otherwise simply not marketable. Meanwhile,directorships that merely 'check the box' no longer exists,and independent directors must be both accountable and additive. Solas brings all of this to the table,and we couldn't be more thrilled to collaborate on new funds moving forward."
Martin O'Regan,Managing Director of Solas opined,"Through technology,strict risk reporting processes,OPIM deploys analytics and strict reporting processes that are instrumental to board transparency which help directors maintain oversight in fund management without obstructing day-to-day activities with administrative burden. Providing both an independent member who also has both the technical and business acumen is vital."
Solas is headed by Martin O'Regan,with over 20 years of experience with Deutsche,Citi,Intertrust,Apex and UBS at Singapore,Hong Kong,Ireland,Cayman,Bermuda and Dubai. Solas provides integrated strategic,technical,and administrative directorship services for funds,SPVs,and other investment vehicles across all major global fund jurisdictions.
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About OP Investment Management Ltd.
OPIM is a leading Hong Kong based asset management company established and licensed since 2004 with Hong Kong Securities and Futures Commission (the "SFC") to carry out Type 4 (advising on securities) and 9 (asset management) regulated activities under the provisions of the Securities and Futures Ordinance (Cap.571) (the "HK SFO"). The company is also a member of the Oriental Patron Financial Group and associate of OP Financial Investments Ltd. (Hong Kong publicly listed 1140.HK). OPIM partners with emerging managers to develop innovative strategies for institutional and professional investors. OPIM's institutional fund platform attracts both managers and investors from around the world working with the industry's best business partners in alternative asset management.
About the Oriental Patron Financial Group
Founded in 1993,Oriental Patron Financial Group is an independent financial services group based and fully licensed in Hong with the Hong Kong Securities and futures Commission (the "SFC"). Oriental Patron provides a diverse range of financial securities from Advisory to Investing,Financing to Securities and Research.
About Solas Fiduciary Services
Founded in 2016,Solas Fiduciary Services is a privately-owned company based in Singapore and Hong Kong,but with access to professional directorship networks and knowledge of international jurisdictions. As a market leader in directorships and corporate governance,Solas is dedicated to help you navigate a fund's life cycle with the highest standards of excellence. The jurisdictions we cover include Singapore,Cayman and Bermuda.
Disclaimer
This document is issued by OP Investment Management Limited ("OPIM"). This document,and the website of OPIM (www.opim.com.hk) has not been reviewed by the Securities and Futures Commission of Hong Kong. This document is solely for information purposes and is not intended as an offer,a solicitation of offer or a recommendation,to deal in shares of securities or any financial instruments. Past performance and the predictions,projections,or forecasts on the economy,securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of OPIM,any funds managed by OPIM,or any future funds to be launched under the Sunrise SPC Platform. Information herein is believed to be reliable at time of publication but OPIM does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person's reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice. This document may not be published,circulated,reproduced or distributed without the prior written consent of OPIM.