SINGAPORE, Feb. 12, 2019 /PRNewswire/ -- Astignes Capital, the Asia-focused alternative investment management firm, announced today that it has selected Viteos Fund Services to provide outsourced middle office and accounting services.
Viteos has been operating for over a decade in the securities processing and fund administration and consulting services sector, working with several major players in the asset management industry. The process of outsourcing is expected to be implemented and in operation during the second quarter of 2019.
Outsourcing these functions will provide Astignes with a more advanced and flexible operational environment, enabling Astignes to meet increasingly sophisticated investor demands while simultaneously creating efficiencies and savings for the firm's operational cost base. After an extensive search to identify a suitable partner, Astignes chose Viteos for its world-class security, infrastructure, experience and offering. The move is in line with the firm's own commitment to invest in technology and adopt the most cutting-edge technology and systems.
Kisu Sung, Astignes' Chief Administrative Officer, commented "the Viteos team has a strong track record of providing high quality middle office, accounting, and technology services to hedge funds globally, with deep experience throughout the full transaction lifecycle. Partnering with Viteos gives us access to their highly scalable operational capabilities, enabling us to respond more quickly to changing market and investor opportunities while maintaining an institutional-grade control environment."