2024-11-18 03:47:39
Author: Viteos Fund Services / 2023-07-27 23:46 / Source: Viteos Fund Services

Astignes Capital signs strategic agreement with Viteos


Partnership an exciting development as Astignes continues to invest in cutting-edge solutions and technology to drive efficiency in the business

SINGAPORE,Feb. 12,2019 --Astignes Capital,the Asia-focused alternative investment management firm,announced today that it has selected Viteos Fund Services to provide outsourced middle office and accounting services.

Viteos has been operating for over a decade in the securities processing and fund administration and consulting services sector,working with several major players in the asset management industry. The process of outsourcing is expected to be implemented and in operation during the second quarter of 2019.

Outsourcing these functions will provide Astignes with a more advanced and flexible operational environment,enabling Astignes to meet increasingly sophisticated investor demands while simultaneously creating efficiencies and savings for the firm's operational cost base. After an extensive search to identify a suitable partner,Astignes chose Viteos for its world-class security,infrastructure,experience and offering. The move is in line with the firm's own commitment to invest in technology and adopt the most cutting-edge technology and systems.

Kisu Sung,Astignes' Chief Administrative Officer,commented "the Viteos team has a strong track record of providing high quality middle office,accounting,and technology services to hedge funds globally,with deep experience throughout the full transaction lifecycle. Partnering with Viteos gives us access to their highly scalable operational capabilities,enabling us to respond more quickly to changing market and investor opportunities while maintaining an institutional-grade control environment."

Speaking on behalf of Viteos,Chitra Baskar,Chief Operating Officer,commented "the addition of Astignes to our client roster strengthens our presence in the Asia Pacific region. We look forward to building a mutually beneficial relationship as this addition bolsters our footprint in Asia." Ritesh Rathi,Head of Sales for Asia added "we are excited to support Astignes,whose complex investment strategies are a testament to Viteos' ability to deliver the highest level of efficiency via our services and technology."

Astignes founder and Chief Investment Officer Bart Broadman commented "Astignes Capital is constantly looking for ways to leverage innovative technology and process solutions across all aspects of our business. Engaging best-in-class service providers like Viteos is well in line with that strategy."

About Astignes Capital

Astignes Capital is an Asia-focused alternative investment management firm based in Singapore. Its investment strategy aims to capture macro and relative value opportunities in the Asia-Pacific region primarily through the use of interest rates,FX and volatility instruments. Founded in 2005,Astignes Capital launched its flagship Asia Rates fund in 2007.

About Viteos

Viteos Capital Market Services,founded in 2003,and with offices worldwide is a premier provider of global outsourced operations solutions for traditional and alternative asset managers as well as private equity and venture capital firms.

For media enquiries,please contact:

Newgate Communications

Fergus Herries


+852.3758.2685


fergus.herries@newgate.asia


Tags: Banking/Financial Service Outsourcing Businesses

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