Maples Group Appoints Alvin Tay to Support Business Development in Asia

Alvin brings more than a decade of experience in various roles in the financial services industry across Asia.  Having started his career in fund operations across several types of fund structures and alternative asset classes, he then moved into client service and business development roles in the fund services sector. Alvin’s extensive background in fund operations affords him unmatched perspective and insight into the operational support and solutions that would work best for managers with varying needs and unique goals and objectives. Alvin will work to evolve and grow the business in Asia while also contributing to strengthening the Group’s global complement, collaborating closely with Eastern Fong, Regional Head of Fund Services – Asia; Suat Leng Chew, Senior Vice President – Head of Fund Administration, Singapore; Charlie Sparrow, Regional Head of Fiduciary – Asia; and Kasturi Majumdar, Senior Vice President and Head of Fiduciary Services, Singapore.

Before joining the Maples Group, Alvin had worked as a Vice President and Director, Business Development – Southeast Asia in the Hong Kong and Singapore offices of other global fund services providers. A native of Singapore, Alvin holds a Bachelor of Arts degree in economics from the National University of Singapore and is fluent in Cantonese, English and Mandarin.

“We are very pleased to welcome Alvin to the Maples Group,” said Eastern. “With demand for high quality fund and fiduciary services in Asia growing, we are confident that his deep knowledge of the Hong Kong and Singapore markets and structures such as the Singapore Variable Capital Company (“VCC”) will help us to deliver for current and prospective clients in the region, further cementing our role as a market leader in key Asia markets.”

Singapore is a top destination for cross-border investment and a nexus for fund and wealth management. Fund structures as the VCC are beckoning investors and fund managers to consider the island city state as a domicile and jurisdiction. Regulatory developments are also making Singapore a hub for family offices, with tax treaties with large jurisdictions such as India a major source of inflows. The Maples Group provides a comprehensive suite of fund, fiduciary, regulatory and compliance, and entity formation and management services to VCCs as well as Cayman Islands-domiciled structures.