KB Asset Management Partners with Eze Software for Launch of Offshore Fund

KB Asset Management Singapore Pte Ltd. is currently preparing for an expansion of its operations through the upcoming launch of an offshore fund. The new operation is expected to take place in February 2018, and will be located in the Cayman Islands.

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Eze Portfolio Management & Accounting has been selected to assist during the process by providing the tools and support necessary to achieve a successful operational launch. BH Chung, CEO and CIO at KB Asset Management Singapore Pte Ltd., explained: “As we embarked on our aggressive growth plans, we wanted to partner with a reputable Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term that could support our growth globally. Eze Software has a long history of consistent performance and service in the investment management market, and we are confident that it will provide us with the Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term and flexibility we need to expand.”

Eze Software has achieved impressive growth over the past two years, increasing its presence and market share across APAC. In September, the software company appointed Laura Ryan as Head of Sales in the region. KB Asset Management Singapore was searching for a partnership that would provide it with the value and expertise needed to reach their desired goals in the most efficient and timely manner.

R.G. Manalac, Eze Software’s Managing Director in APAC, also reacted to the partnership: “We are excited to partner with KB Asset Management to help grow its offshore business. Asset management in APAC is experiencing tremendous growth, and end investors are increasingly demanding from asset managers a solid technology infrastructure for investment operations. We look forward to supporting KB Asset Management in its efforts to create a scalable technology operation.”

Strategic partnerships are not new to KB Asset Management. Earlier this year, the company teamed up with Axioma, a provider of risk and portfolio management solutions. Axioma assisted in the expansion of the group’s market penetration in Europe, by offering solutions to enhance the company’s equity portfolios.