New Trust Firm Opens in Hong Kong

Niels Nielsen, Group CEO Zedra

Niels Nielsen, Group CEO Zedra

Family-owned Zedra, who acquired Barclays’ trust and fiduciary business for an undisclosed sum, has now opened in Hong Kong. The business already operates in seven global locations including Singapore.

The latest office addition will be led by Managing Director, John Ashwood, supported by Executive Director, Mandy Cheng, to address the growing and increasingly diverse wealth management needs of clients in Hong Kong and mainland China. The office will also strengthen Zedra’s existing Asia-Pacific team operating from Singapore.

Prior to joining Zedra, John Ashwood was the founding Managing Director of trust, fiduciary, fund and corporate services firm Vistra Hong Kong.

Expansion Plans

«Building our operations in Hong Kong represents the next phase of our ambitious expansion plans for the company, building on the strong momentum we have maintained during the first quarter of 2016,» said Niels Nielsen, Group Chief Executive Officer of Zedra.

Since the rebranding to Zedra, the wealth management arm of Britain's Barclays bank retains a stake of 19.9 percent stake in the company,

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