JP Morgan has appointed Adam Wallace as executive director and product head of its hedge fund services business in Asia Pacific.

Based in Hong Kong, Mr Wallace will cover hedge fund administration, transfer agency, fund of hedge fund custody and middle-office services for hedge funds and fund of hedge funds.

Prior to joining JP Morgan, Mr Wallace spent 12 years in the hedge fund and fund of hedge fund services business. He has held several product management positions in Europe and Hong Kong.

Shaun Parkes, head of worldwide securities services for Asia ex-Japan at JP Morgan, said: “By combining our global service offering and robust operating models with local fund servicing professionals, we are able to bring best-in-class integrated solutions to our hedge funds and fund of hedge funds clients in the region. This appointment demonstrates our commitment to further build out our hedge fund services business. We are pleased to welcome Adam to our team.”