Latest Insights

#SalariesinFunds2023: Funds Administration — Funds Partnership’s Salary Guide 2023

Feb 27, 2023

Director's Note

The Asia Pacific region continues to be a major player in the global asset servicing and fund administration industry, with strong growth and high demand for skilled professionals. Our Asia Pacific salary guide provides a comprehensive overview of the latest salary trends for this industry, including key job roles and markets across the region.


Within the asset servicing and fund administration industry, we have seen a high demand for professionals in areas such as fund accounting, custody, transfer agency, and middle office operations. In addition, there is an increasing focus on ESG investing, diversity and inclusion, and technological expertise. This has led to a growing need for professionals with skills and expertise in these areas, as well as a willingness to adapt to new technologies and processes.


Compensation packages for top talent in the asset servicing and fund administration industry continue to be highly competitive, with many firms offering generous benefits and incentives to attract and retain top candidates. Our salary guide provides a comprehensive overview of the latest salary trends for key job roles and markets across the region, as well as insights into other factors that impact compensation, such as education level, years of experience, and professional qualifications.


At Funds Partnership, we are committed to helping our clients stay competitive in the rapidly evolving asset servicing and fund administration industry. Our Asia Pacific salary guide is an essential resource for firms looking to attract and retain top talent, and stay up-to-date with the latest industry trends and best practices.

Market Overview

Despite the pandemic, the Fund Administration industry has seen tremendous growth in the past years and is projected to expand continuously.


Fueled by the launch of the Variable Capital Company (VCC) structure in 2020, we have observed an influx of funds and Family Offices setting up in Singapore, with a focus on Private Equity and Real Estate funds. Fund Administrators that were initially focused on Mutual and Hedge funds have also started migrating their operations offshore while pivoting their focus to Private Equity and Real Estate funds.


In the past year, we have seen a rapid increase in demand for talent in this space. As the market gets increasingly competitive, plug-and-play candidates are demanding over 20% salary increments for their next move. In order to retain their employees, employers are also conducting salary reviews to stay competitive in the market. 


In this report, we would like to share the prospects of this market through the compilation of our data and the future developments of the industry. 

Salary Guide


Download the PDF version of the Funds Partnership 2023 Fund Administration Salary Guide here: Funds Partnership 2023 Salary Guide: Fund Administration



To find out more about the Fund Administration industry, get in touch with our specialist:

Share This Article

Articles You May Like

By Yolanda Chen 23 Apr, 2024
Stay in the know with us on WeChat! 
By Lyn Thum 22 Apr, 2024
Interestingly, someone I personally know has created this comic explaining the new Guidelines for FWAs.  This FWAs was announced last Tuesday, 16 Apr 2024, by both the TAFEP Tripartite Alliance for Fair and Progressive Employment Practices Workgroup and the Ministry of Manpower (MOM).
By Jacqueline Lee 16 Apr, 2024
Let's explore the pros and cons of a counter-offer:
By Su Ling Lew 09 Apr, 2024
When considering whether to pursue a contract or permanent position, it often depends on individual circumstances, career goals, and personal preferences. Here are some factors to consider for either position:
By Daphne Tan 13 Mar, 2024
Employer of Record (EOR) arrangements allow for the management and execution of a diverse array of jobs in different sectors.  The main role of an EOR is to serve as the official employer for workers hired by a company, taking care of administrative duties such as payroll, benefits, taxes, and compliance, while the client company maintains authority over the employees' daily responsibilities and supervision.
By Yolanda Chen 23 Apr, 2024
Stay in the know with us on WeChat! 
By Lyn Thum 22 Apr, 2024
Interestingly, someone I personally know has created this comic explaining the new Guidelines for FWAs.  This FWAs was announced last Tuesday, 16 Apr 2024, by both the TAFEP Tripartite Alliance for Fair and Progressive Employment Practices Workgroup and the Ministry of Manpower (MOM).
By Jacqueline Lee 16 Apr, 2024
Let's explore the pros and cons of a counter-offer:
By Su Ling Lew 09 Apr, 2024
When considering whether to pursue a contract or permanent position, it often depends on individual circumstances, career goals, and personal preferences. Here are some factors to consider for either position:
By Daphne Tan 13 Mar, 2024
Employer of Record (EOR) arrangements allow for the management and execution of a diverse array of jobs in different sectors.  The main role of an EOR is to serve as the official employer for workers hired by a company, taking care of administrative duties such as payroll, benefits, taxes, and compliance, while the client company maintains authority over the employees' daily responsibilities and supervision.
By Daphne Tan 08 Mar, 2024
In the current rapidly evolving business environment, the ability to adapt and grow in size is crucial for achieving success. With market demands constantly shifting and project needs changing, companies require flexible solutions to meet their staffing requirements effectively. Staff augmentation has become a strategic method for organisations to expand their teams efficiently and remain agile. This article explores the concept of staff augmentation, its advantages, and its comparison to the traditional talent acquisition strategy.
By Daphne Tan 06 Mar, 2024
In the fast-paced world of business today, companies face a range of obstacles as they work to comply with labour regulations, manage risks, and run their operations smoothly. To address these challenges, many businesses are turning to the concept of an Employer of Record (EOR) for support.  As organisations seek to stay nimble and effective, it is essential to grasp the significance and advantages of utilising an Employer of Record.
By Jacqueline Lee 11 Dec, 2023
There are 3 main reasons why employees look out in the market – Pay , Job scope and Bosses . Being a recruiter gives me the privilege of connecting with candidates. I’ve heard of the different struggles they faced and one of it is having toxic bosses. It can be frustrating for them as constant scrutiny and lack of trust can hinder their productivity, potential and growth. There is no one-size-fits-all approach to team management as everyone has different working styles and here are some ways on effective employee management.
By Daphne Tan 23 Oct, 2023
In the world of recruiting, the topic of salary expectations is often met with mixed feelings. It's a practice that's frequently discussed, and as a recruiter, I've witnessed how it impacts candidates and employers. Do you have to reveal your last-drawn salary to a prospective employer?  Let's delve into this question and the broader discussion about salary disclosure in the recruitment process.
By Lyn Thum 23 Oct, 2023
What role does luck play in career success?
More Posts
Share by: