Standard Chartered has launched the Alternative Investment Fund Administration service for the Asia Pacific and Middle East markets.

The service expands the bank's fund service capabilities by providing a range of fund administration solutions to alternative fund clients through Singapore and Hong Kong.

The product accommodates a broad cross section of strategies and fund types. In particular, Standard Chartered is able to support all major hedge fund strategies as well as private equity, property and infrastructure funds.

Alastair Pow, global head of product, fund services at Standard Chartered Bank, said: "At Standard Chartered, we firmly believe in the long-term growth prospects in the region and aim to offer new products that add value to our client's expanding needs. Since the launch of our fund services business in 2008, we have built a strong alternatives administration team."