Trident Trust extends its Asia fund administration capabilities by taking over Tricor IAG Fund Administration Group, finews.asia has learned.
Trident Trust reinforces its global resources for alternative asset managers with the acquisition of Tricor IAG Fund Administration Group (TIAG), finews.asia has learned.
Formed in 2013 as a joint venture between Tricor and IAG Group, TIAG has operations in both Singapore and Hong Kong and provides fund administration solutions to a broad range of private equity managers in Asia with total assets under management of US$12 billion. All TIAG staff will be joining Trident Trust’s existing global team of over 200 fund administration professionals.
Core Strategic Priorities
The acquisition of TIAG will increase Trident Trust’s global funds AUA to US$62 billion, across 940 funds. «Growing our global fund services capabilities, particularly for private capital funds, is one of our core strategic priorities,» Markus Grossmann, Regional Managing Director for Asia, Middle East and Africa at Trident Trust, said.
Founded in 1978, Trident Trust employs more than 1,000 staff across the world’s major financial centers and internationally recognized fund, trust and corporate domiciles.
Clear Alignment
Trident Trust is a dynamic and digitally progressive firm, and there is a clear alignment of our client service delivery ethos,» Raymond Page, founder of TIAG added. «We share the same commitment to first-rate personalized service.»
