Posted on 09 November 2020
Alter Domus Names Sum Tze Sheng as New Country Executive Mauritius
Alter Domus, a leading provider of integrated solutions to alternative investment managers, today announces that Sum Tze Sheng has been appointed Country Executive Mauritius in addition to his current role of Country Executive Singapore. Based in Singapore, Sum will be responsible for Alter Domus’ activities in both countries and will continue reporting directly to the Chief Commercial Officer and Regional Executive Asia Pacific, Alexander Traub.
Speaking of his appointment, Sum said: “Mauritius has unparalleled historical ties to two of the largest emerging markets – namely Africa and India – solidifying its vital role as a gateway to both Africa and India. Until recently, Mauritius was the largest source of foreign direct investment into India and is now only second after Singapore. As an African nation where its political stability, infrastructure and financial regulations surpass many of its African counterparts, Mauritius remains an attractive domicile for investments into Africa.
“Against this backdrop, I am excited to accelerate the growth of our Mauritius office as asset managers increasingly look for multi-jurisdictional and cross-border solutions. We have witnessed a shift from a ‘one size fits all’ approach to more complex fund structures accommodating various types of investors and facilitating tax efficiency. In overseeing both the Mauritius and Singapore office, we’ll be in a great position to leverage the natural synergies between Mauritius, India and Singapore, and further grow our India client base.
“In addition, our clients in Mauritius continue to actively invest and rely on us to facilitate their investment strategies into Africa. This trend will not slow down. Hence scalability, a dynamic team and the global service quality of Alter Domus will be our focus for securing new clients investing in the region.”
Alexander Traub, CCO and Regional Executive Asia Pacific, Alter Domus, said: “I am delighted that Sum has agreed to take over the day-to-day leadership of our Mauritius office. He has accelerated the growth of our Singapore operation significantly since joining and I look forward to seeing what he will deliver in Mauritius.”