Equiom acquires Heritage Trust Group and expands into Singapore and BVI
Friday 14 October 12:52
Leading trust and corporate services provider Equiom has announced the acquisition of Heritage Trust Group, an independent Asian corporate services provider with offices in Singapore, Hong Kong and the British Virgin Islands (BVI).
Established in 2002 and led by Chief Executive Officer Angelo Venardos, Heritage Trust Group provides trust, foundation, fiduciary, corporate and accounting services.
Equiom’s Global Chief Executive Officer Sheila Dean commented: ‘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. I thank our equity partners LDC and our legal advisers Gowling WLG for their valued input and support throughout this acquisition project.’
Angelo Venardos Chief Executive Officer of Heritage Trust Group added: ‘This is a positive move for Heritage Trust Group. Our priority has always been to provide the best service in the industry and this has become increasingly difficult in an environment faced with more competition and regulatory requirements. Becoming part of the Equiom Group will ensure our clients continue to receive the service they deserve, in addition to benefitting from the breadth of services and skills available through the wider Equiom Group. Heritage clients can rest assured that they will continue to liaise with the same contacts who will now become employees of Equiom. From their perspective, nothing will change other than access to a much expanded range of global services.’
A total of 60 staff, including the senior management team, will join Equiom Group with immediate effect. The Hong Kong team will move into Equiom’s established offices and Heritage will rebrand to Equiom in January 2017.
The acquisition of Heritage follows the recent announcement of Equiom’s strategic partnership with Links Group in the United Arab Emirates and Qatar.