Fund administrator Augentius hires Asia head

Traub was previously managing director and head of sales at FMG Funds, an emerging and frontier market asset manager, and director of business development for Asia Pacific at Castlestone Management where he was responsible for distribution of long only equity, commodity and hedge fund products. Both roles were Singapore-based.

"Asia is an important and growing region for private equity and real estate funds and an important one for Augentius," said Ian Kelly, group chief executive. "We have seen substantial growth in the region with more Singapore structures being utilized and the domicile increasingly being seen as the ideal location from which to manage funds."

Augentius established a presence in Singapore two years ago, choosing the jurisdiction over Hong Kong because it is more of a fund domicile. It also concluded that the Singapore administration market is less penetrated than Hong Kong.

The administrator now has approximately 15 live clients in the region, all of whom use locally-registered fund management companies. Most use a Cayman Islands-domiciled feeder with a Singapore master fund sitting underneath.

Augentius was founded in 2002 and claims to be the largest specialist independent private equity and real estate administrator in the world.

With 240 staff across offices in the US, Europe and Asia, it acts for more than 120 clients operating in 35 countries. The group is responsible for the administration of over 250 funds, servicing in excess of 6,800 investors.

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