US fintech solutions company benefits from Hong Kong’s global status
United States (US) cloud-based fintech solutions company, Backstop Solutions Group, announced today (November 15) that it has opened its regional headquarters in Hong Kong, leveraging the city’s status as an international financial centre, in order to expand in the region.
Backstop Solutions Group provides cloud-based financial technology solutions for hedge funds, funds of funds, pensions, endowments, private equity firms, consultants and family offices. The opening of the Hong Kong regional headquarters is in response to the fast-growing demand for high-quality operational efficiency solutions in the region, according to its Director of Institutional Sales, APAC, Mr Steve Au.
He said, “We see significant growth in the alternative investment activities in the region. Having an office in Hong Kong will be strategically advantageous for us as we endeavor to bring agility and efficiency to this burgeoning market.”
“As a global financial hub, Hong Kong gives us a crucial foothold in the region to widen our existing suite of global offerings. It is also centrally located in the region, with easy access to other financial centers, such as Singapore, Taipei, Tokyo, Seoul, and Shanghai. That is why we chose Hong Kong as our regional headquarters,” he added.
Associate Director-General of Investment Promotion Mr. Charles Ng said, “We are happy to see that one of the pioneers in cloud-based solutions is setting up a regional base in our city. It is a vote of confidence to the city’s status as the premier fintech hub in Asia. We wish Backstop every success in Hong Kong and look forward to its expansion in the region.”
About Backstop Solutions Group
Founded in 2003, Backstop pioneered the industry’s first cloud-based software that helps firms in the alternative investment management industry achieve greater business agility. Backstop’s comprehensive suite of solutions includes Backstop CRM, Backstop IR, Backstop Research, Backstop Portfolio, Backstop Portal, and Backstop Accounting. With offices across the United States and in Europe and Asia, Backstop now serves over 700 firms worldwide, making it one of the fastest growing software providers in the financial services industry. For more information, please visit www.backstopsolutions.com.
About Invest Hong Kong
InvestHK is the department of the HKSAR Government established in 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong’s vibrant economy. For more information, please visit www.investhk.gov.hk. Ends/Tuesday, November 15, 2016