The Ascent Group

We’re excited to announce the release of a new report on GIFT City’s growing fund ecosystem, unveiled today at the 𝗔𝗻𝗻𝘂𝗮𝗹 𝗦𝘂𝗺𝗺𝗶𝘁 𝗼𝗻 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗙𝘂𝗻𝗱𝘀 𝗶𝗻 GIFT City . This report brings together insights from 𝟰𝟬+ 𝗳𝘂𝗻𝗱𝘀, 𝘄𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀, 𝗮𝗻𝗱 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀, sharing what’s working, where improvements are needed, and the biggest opportunities ahead. At The Ascent Group, we are proud to have contributed to this report and to be part of the conversation. Jayesh Khaitan, our Managing Director in India, participated in the panel discussion at today’s event, representing us alongside other industry leaders. We remain committed to supporting clients through our comprehensive solutions to help them thrive at GIFT City. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: • 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝗻 𝘁𝗵𝗲 𝗥𝗶𝘀𝗲: USD 38.42 billion in assets managed across 143 schemes, with more growth ahead. • 𝗧𝗮𝘅 & 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: Streamlined regulations and tax incentives make GIFT City a top destination for fund management. • 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗔𝗵𝗲𝗮𝗱: New opportunities for retail funds and wealth managers to scale their operations. 📥 𝗧𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱. Access the insights and explore how GIFT City is transforming the future of fund management. If you'd like to discuss how The Ascent Group can support your fund’s success here at GIFT City, feel free to connect with Jayesh Khaitan or Yogeshh Darji directly.

The Ascent Group has continued its journey of growth and expansion. One of these drivers has been the development of strategic relationships and efficient partnerships in key markets. Our strategic and unique partnership with Albilad Capital البلاد المالية in the Kingdom of Saudi Arabia is a shining example of this strategy and its successful implementation. Since earlier this year, we’ve collaborated to establish an efficient, effective, and market-specific fund services support model for numerous funds, DPMs, and other portfolio structures in the Kingdom. This mutually beneficial relationship reflects The Ascent Group's and Albilad Capital البلاد المالية’s drive to facilitate seamless growth of the funds industry by combining local knowledge with international expertise and utilising global best practices. ------------------------------ Albilad Capital البلاد المالية: Zaid Almufarih | Haytham Alsuhaimi | Shikkoh Malik | Haitham AlRashed The Ascent Group: Venki Subramanian CA,CAIA | Omer Agha ACSI

🌟 Celebrating Diwali Across India with Ascent! 🌟 This Diwali, our branches in Mumbai, Bangalore, Pune, Hyderabad, Jaipur, and GIFT City came alive with festive spirit and joy. It's a time of celebration, gratitude, and reflection. I want to extend my heartfelt wishes to all our employees, partners, and clients. Thank you for your continued support and dedication, which have been instrumental in our journey. Here's to a Diwali filled with light, prosperity, and shared success! Wishing you and your families a joyous and prosperous Diwali!

As we celebrate the festival of lights, we want to take a moment to recognize everyone who makes our journey meaningful — our clients, partners, and our incredible team. This Diwali, we’re reminded of the power of connection, growth, and the bright future ahead of us all. We’re deeply grateful for the trust and support you have shown us, and we look forward to continuing this journey of growth and success together. Wishing you and your loved ones a joyful, prosperous, and illuminating Diwali. Happy Diwali from all of us at The Ascent Group!

The Ascent Group congratulates Albilad Capital البلاد المالية on the launch of the Albilad CSOP MSCI Hong Kong China Equity ETF, the largest fund of its kind in the Middle East & North Africa. This fund provides investors with access to leading Chinese companies listed in Hong Kong while adhering to Sharia-compliant standards. We look forward to supporting this new fund as part of our existing partnership with Albilad Capital in the Kingdom of Saudi Arabia, as both organizations continue expanding globally and offering new financial solutions to key markets. ------------------------------ Albilad Capital البلاد المالية: Zaid Almufarih | Haytham Alsuhaimi | Shikkoh Malik | Haitham AlRashed The Ascent Group: Venki Subramanian CA,CAIA | Omer Agha ACSI

The experienced team attending AIM Summit 2024, staying connected and engaging with industry leaders.   If you’re at the event, connect with Jaideep Mukhariya and Venki Subramanian CA,CAIA. They’re making the most of the summit, and we’d be happy to explore new opportunities together.

𝗪𝗲'𝗿𝗲 𝗮𝘁 𝘁𝗵𝗲 𝗔𝗜𝗠 𝗦𝘂𝗺𝗺𝗶𝘁 𝗶𝗻 𝗗𝘂𝗯𝗮𝗶! Jaideep Mukhariya, our Group CEO, and Venki Subramanian CA,CAIA, Managing Director for MENA & USA, are in attendance at the AIM Summit happening now in #Dubai. The AIM Summit - happening on October 21 & 22, 2024, - is a leading event in the alternative investment space, bringing together global experts to explore key trends in asset management, venture capital, and digital assets. It offers a platform for exchanging insights, building networks, and identifying future opportunities within these dynamic sectors. By attending, we stay informed, connected, and ready to support businesses with our tailored fund administration solutions while staying aligned with regional and global developments. Have any questions or want to learn more? Connect with us!

We are proud to share that Davy K., our Managing Director for Greater China, recently participated as a panelist at the “𝗖𝗿𝘆𝗽𝘁𝗼 𝗙𝘂𝗻𝗱𝘀: 𝗔𝗹𝗹 𝗬𝗼𝘂 𝗪𝗶𝘀𝗵 𝘁𝗼 𝗞𝗻𝗼𝘄” seminar, hosted by Deacons on the 9th of October 2024. The panel explored key considerations for fund managers navigating crypto exposures, including regulatory requirements, fund structures, and valuation practices. Davy shared practical strategies drawn from The Ascent Group’s expertise in fund administration, offering insights on how to manage risk and build effective crypto investment frameworks. It was a pleasure to join panelists Joyce Li (Moderator), Jessie Huang from HashKey Group, and Pinky Siu and Isabella Wong from Deacons Financial Services partners, contributing to an important discussion on the future of crypto investments in Hong Kong. Thank you to Deacons for hosting this event and to everyone who joined us. Explore more about the event by clicking on the original post below.

We were honoured to have our team represent us at the 𝟭𝘀𝘁 𝗔𝗻𝗻𝘂𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗙𝗼𝗿𝘂𝗺 organised by j. awan & partners in Riyadh on the 28th of September 2024. The event was a great success, bringing together key voices from across the financial services sector to discuss the latest trends and opportunities in the region.   A big thank you to Venki Subramanian CA,CAIA and Omer Agha ACSI for attending and representing The Ascent Group at the forum. It’s always exciting to be part of discussions that drive innovation and growth in our industry. 📸 𝗩𝗶𝗲𝘄 𝗽𝗵𝗼𝘁𝗼𝘀   We’d also like to extend our gratitude to j. awan & partners for organizing such an impactful forum. We look forward to future events and continuing the conversation around governance, risk, and compliance.   For more details and highlights, check out their post here: 🔗 https://lnkd.in/gCxkjDir

𝗪𝗲’𝗿𝗲 𝗲𝘅𝗰𝗶𝘁𝗲𝗱 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲 𝘀𝗼𝗺𝗲 𝗳𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝗻𝗲𝘄𝘀! 🎉 Nicholas Quinn from Spatium Capital has been honoured with Money Management Australia & Lonsec's 𝟮𝟬𝟮𝟰 𝗙𝘂𝗻𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 𝗔𝘄𝗮𝗿𝗱 in the 𝗥𝗶𝘀𝗶𝗻𝗴 𝗦𝘁𝗮𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 category. We couldn’t be prouder of his hard work and dedication that has earned him this recognition. This is such a proud moment for 𝗡𝗶𝗰𝗸 and the entire 𝗦𝗽𝗮𝘁𝗶𝘂𝗺 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 crew—and for us too! Watching them grow and excel has been such a rewarding experience, and we’re excited to continue supporting their success across both in #Australia, and #Singapore. Huge congratulations to Nicholas Quinn and the team at Spatium Capital —this is so well-deserved! We're proud to support you and can't wait to see what's next. The Ascent Group - Eric Koolen | Colin Chan | Jamie Spark Spatium Capital - Jesse Moors