Partnership with Singaporean independent financial and trust company builds on eFront’s dominant position in the Asian private equity and alternative investment market
Paris, Singapore, August 29, 2016 – eFront, the leading financial software and solutions provider for managing alternative investments, today signed a strategic alliance with Watiga & Co., an independent professional services firm based in Singapore.
Watiga & Co. and its subsidiary, Watiga Trust, provide fund and loan administration, trust and fiduciary and related corporate services to private equity and alternative investment clients across Southeast Asia. As part of the agreement, Watiga & Co. will use eFront’s private equity and mezzanine loan software solutions to administer their clients’ accounts.
Commenting on the agreement, Oliver Johnson, Head of Sales APAC at eFront, said, “As eFront continues to cement its dominant position in the Asian private equity market, we are delighted to be working alongside Watiga as a home-grown Singaporean fund administrator and licensed trust company.”
Matt Richards, founder of Watiga & Co., said: “eFront’s state-of-the-art fund administration and accounting system gives us and our clients a competitive edge. In addition, the combination of eFront’s Singapore-based team of experienced developers and its trusted system meant we were able to deploy the system extremely rapidly. We look forward to working with eFront to fully establish Watiga & Co. and Watiga Trust as a leading force in the region’s private equity and mezzanine fund administration and trust businesses.”
eFront is the market-leading provider of private equity software systems in Asia and continues to invest in its Asian network. In 2015, eFront opened two new offices in Asia – in South Korea and Japan – to support the growing demand for eFront’s products and services in the region. It now operates 23 offices around the world to support customers, globally.
Watiga & Co. is an independent professional services firm located in Singapore and Australia, providing a range of legal, trust and corporate services focused on alternative and cross-border investments throughout Southeast Asia. For more information, please visit www.watiga.com