Equiom, a trust and corporate services provider, has acquired independent Asian corporate services provider Heritage Trust Group.
Heritage offers trust, foundation, fiduciary, corporate as well as accounting services from its offices in Singapore, Hong Kong and the British Virgin Islands (BVI). The firm will be renamed as Equiom in January 2017, while its Hong Kong team will relocate to Equiom's established offices.
As part of the deal, 60 employees, including Heritage’s senior management team, will be integrated into Equiom with immediate effect.
Heritage CEO Angelo Venardos termed the acquisition as a “positive move” for the firm and ensured that its clients will “continue to receive the service they deserve, in addition to benefitting from the breadth of services and skills available through the wider Equiom Group”.
Equiom global CEO Sheila Dean said: "The acquisition of Heritage Trust Group expands Equiom's jurisdictional reach into the new areas of Singapore and BVI while expanding our current team in Hong Kong.”
“Equiom's growth strategy continues to concentrate on achieving scale and substance throughout every jurisdiction we operate in. I'm pleased to welcome Angelo and his team to Equiom — they echo Equiom's philosophy of building long-standing relationships with clients and very much mirror our client services ethos. For Equiom clients this provides further access to international services and expertise.”
The latest deal follows Equiom's partnership last month with Links Group, a provider of commercial facilitation and advisory services in the UAE and Qatar.