M and A
Fiduciary, Corporate Services Firm Bolsters Singapore Presence With Acquisition
The Switzerland-based firm hopes to increase its market reach in Asia and Singapore with the transaction.
Alpadis Group,
a Switzerland-based firm which provides multi-jurisdictional
corporate and bespoke fiduciary services, has acquired
Singapore-based TAO Trust Group Pte as part of an expansion in
the Asia city-state.
The acquisition means Alpadis Group in Singapore has incorporated
TAO’s employees, increasing its headcount by 13 individuals, and
will be led by current group’s chief executive, Alain
Esseiva.
“We have seen sustained growth in demand for our services that
allow companies to navigate the increasingly complex and
regulated markets in Asia and globally, while benefitting from
jurisdictions such as Singapore, that offer stability,” Essevia
said in a statement.
In 2009 Alpadis Group entered the Singapore market (the firm was
originally founded in 2005). Clients include high net worth
individuals and companies. TAO Trust Group has operated since
2008.
