Acuity Funding to open three new Asia Pacific offices
Finance specialist Acuity Funding are opening three new locations – in Vietnam, Singapore and Nepal – following demand from international clients.
The expansion came as the group continued to secure finance for a $35 billion pipeline of commercial projects in Australia and Southeast Asia.
The Sydney-based company decided to open offices overseas to better service clients in the Asia Pacific region and access broader funding lines.
Ranjit Thambyrajah, Acuity Funding managing director, said the Nepal processing centre was crucial to handle the increased volume of business.
“While this will drive efficiencies at Acuity it is also an exciting new initiative for us to provide much needed employment and skills training to the people of Kathmandu,” Thambyrajah said.
“In Singapore we will be establishing a local presence with the specific aim of bringing in new funding lines,” Thambyrajah said.
“As a major financial centre, Singapore is the ideal location to strengthen ties with existing funding partners and build new relationships with fund managers, boutique investment houses and ultra high net worth individuals.”
AUTHOR
Chris Dastoor
Recommended for you
Six months after scrapping its planned deal with KKR, Perpetual is yet to make significant headway on the sale of its wealth management division but is focusing on alternatives for product development.
Platinum Asset Management’s NPAT has fallen by 89 per cent in FY25, with the firm confirming that it will be renamed as L1 Group following the expected completion of its merger with L1 Capital.
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
