UBS fund-admin unit targets China and Australia

UBS’s new Asian fund-administration platform has its long-term sights on China’s “huge, untapped opportunities”, says Colin Lunn, the unit’s head of business development and client services. China will be the major target market in the long term, as the regulatory environment develops, while the initial core client base will be alternative asset managers in Hong Kong and Singapore. They range from single-manager funds and funds of hedge funds through to private equity, real estate…