The global pandemic has left multinational companies around the world struggling to maintain the full compliance of their international subsidiary portfolios. This new reality is bringing into even sharper focus the need for firms to ensure the robustness of their subsidiary governance operating and control models.

The evolution of real estate fund administration from small in-house teams within managers to larger outsourced support has been gathering pace in recent years – however, the COVID pandemic has accelerated a range of factors that will put existing in-house support under increasing pressure in the coming months.

Yuseff Murphy, Head of Trusts, Asia – Corporate & Private Client, Citco Singapore Pte. Ltd, speaks in this article with Ching Ling Seah, Director, Tax and Private Client Services at Drew & Napier, one of Singapore’s leading law firms, about the importance of forming a business succession plan, what should you consider and a range of other issues.

The impending rollout of the Total Global Expense Ratio (TGER) across the non-listed real estate fund industry has been an important topic of conversation this year among managers, investors, industry bodies and asset servicers.