industry news
Bermuda Trust (Singapore), a wholly-owned subsidiary of Bank of Bermuda and United Overseas Bank, have formed a 50/50 joint-venture company in Singapore called Asia Fund Services (AFS). The new company will provide automated unit holder registration services to fund managers in Singapore, with plans to extend the service to the rest of Asia. The joint venture builds on already well-established operations that both firms have in Singapore. Bermuda Trust is one of the top fund administrators, while the United Overseas Bank Limited is one of the leading banks. The software for AFS ...
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