Calastone, which operates a global funds network, has expanded its presence in Taiwan capturing over 95% market share of fund distributors, underscoring the market’s accelerating adoption of automation technologies in its more than $400 billion asset management industry.
Amid rising net fund inflows, which climbed over 30% to $3.1 billion 1H 2024 from $2.4 billion in 1H 2023 according to Calastone data, the firm said momentum for further growth “looks to be building” as the market draws domestic and foreign investor interest.
With the establishment of the Taipei office in January 2023, Calastone has since welcomed 12 individuals to its local team to support the rapid expansion of its operations and client base.
Comprising both domestic hires and international professionals that have relocated from other leading financial hubs like Hong Kong and the United Kingdom, this team brings a wealth of relevant experience and knowledge to successfully drive the company’s next stages of growth.
Complementing Calastone’s now dominant position in automated order routing in Taiwan is the further digitalisation of other critical fund services, including the management of Contingent
Deferred Sales Charge (CDSC) data. Calastone currently has three clients live with its CDSC solution, with more expected to go live later this year.
Calastone said distributing CDSC funds through its network has enabled these clients to achieve “faster and more accurate” fee calculations, ad hoc reporting, and enhanced regulatory compliance.
“Clients and industry participants are increasingly demanding digital solutions that enhance operational efficiency and scale as competitive pressures rise,” said Justin Christopher, head of Asia, Calastone. “Equally important is repositioning fund platforms to better meet the needs of end investors through enhanced experiences and unique offerings.”
“Our recent success builds on nearly a decade of trusted relationships in Taiwan. We’ve benefited greatly from our global network, enabling capital flows and providing investors with access
to new opportunities.”
