Sanne Group Asia has been authorised by the Hong Kong Companies Registry, under Section 53G of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, to provide trust or company services in Hong Kong.
The authorisation enables Sanne to provide an enhanced suite of services to Asia-Pacific (APAC) alternative investment managers, in addition to its existing offering as a trust or company service provider.
Martin Schnaier (pictured), Chief Commercial Officer at Sanne, commented: "Our new licence enables us to strengthen the services we provide to our APAC clients from large asset managers, investment funds, corporate and financial institutions.
"It also enhances our funds capability in the region, which fits our APAC growth strategy."