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.”
Recommended for you
Clime Investment Management has appointed two to its operations team, focusing on managed funds, as it continues its cost-cutting process.
The global asset manager’s latest ETF has launched in response to rising adviser and investor demand for actively managed fixed income products.
The acquisition of Evidentia Group by GDG shows how valuable the role and personal relationship with a managed account consultant has become to the financial advice industry, says IMAP’s Toby Potter.
January saw $4.6 billion in inflows into ETFs, according to Betashares, with four Australian funds seeing the largest monthly inflows.