SANNE authorised as a Trust or Company Service Provider (“TCSP”) in Hong Kong
Martin Schnaier, Chief Commercial Officer
Sanne Group Asia Limited (“SANNE”) has been authorised (Licence Number TC003489) under Section 53G of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) to provide trust or company services in Hong Kong by the Hong Kong Companies Registry.
The authorisation further 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.
‘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,’ said Mark Law, Managing Director, Alternative Assets – APAC & Mauritius.
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. ’
The award of this licence comes just over a year after SANNE appointment Mark Law, Managing Director, Alternative Assets – APAC & Mauritius who is based in Hong Kong.
With plans for further expansion and meeting the rising demand for outsourced business administration services from a diverse range of geographies including the EMEA, the Americas, and Asia-Pacific regions, SANNE’s ability to offer integrated business services sets it apart from most service providers.
The news also comes as SANNE celebrates 30 years in business and continues to see strong demand for its outsourced alternative asset, corporate and fiduciary administration and reporting services across its global network of offices.
The Register of those businesses who have been granted a Trust or Company Service Provider License can be accessed free of charge on www.tcsp.cr.gov.hk.