Bank of Bermuda is rolling out a number of modular technology services for its funds administration, trust, custody and asset management and banking services in Asia. Its immediate focus is to provide better service for the region's hedge funds, as the bank's legacy systems can't always meet their needs, says Simon Maclean, head of global fund services business technology in Hong Kong.
We are creating a global platform that can service the whole range of funds, he says, noting the initiative began in the United States and has spread to Europe and now Asia.
Whereas some of its competitors tend to build proprietary systems to handle everything, Bermuda has opted to...
