Stonegate Global Taps Former HSBC Exec to Head West Coast Fund Formation & Fund Administration Operations
SAN FRANCISCO: Stonegate Global has recruited William Chong, a former senior executive at HSBC Alternative Investments, to head its West Coast operations. Chong, who steps in as Senior Vice President and Head of Alternative Fund Services, is based in the company’s San Francisco office.
Chong will focus on fund administration and fund formation of complex venture capital, private equity and hedge funds in San Francisco/Silicon Valley and throughout the west coast region.
Atlanta-based Stonegate Global provides domestic and offshore fund formation and fund administration services to investment management professionals, family offices, and other large institutional clients.
“William is a very astute alternative investments professional who maintains a keen understanding of complex investment fund structures, their operations, and related accounting processes,” said John McCorvey, Chief Executive Officer of Stonegate Global. “His skill set provides a strong complement to our broad range of investment fund services and to our team.”
Most recently the CFO of 7×7 Asset Management, an $800M hedge fund in San Francisco, Chong has enjoyed a bicoastal career, serving at HBSC, the Bank of Bermuda and Ernst & Young in New York and San Francisco. He holds a B.S. in Accounting from the City University of New York.
“I am very excited to be part of a strong and growing organization and look forward to leading the continued expansion of Stonegate Global on the west coast,” said Chong. “Stonegate has knowledgeable and well-experienced professionals as well as great technology infrastructure. Given our comprehensive solutions for fund formation and fund administration for domestic and offshore investment fund managers, I’m confident that I’ll be a catalyst for the firm’s continued success.”
“Stonegate continues to invest in our clients by investing in our infrastructure. This is evidenced by our robust technology offering through functionality such as our online client reporting capabilities, as well as our recently initiated SSAE 16/SOC 1 certification,” said McCorvey. “The addition of William to our team is another such investment.”