M and A
Trident Trust Makes Asia Business Acquisition
The purchase of the business increases Trident Trust's assets under administration to $62 billion.
Trident Trust
has acquired Tricor IAG Fund Administration Group (TIAG), a
specialist provider of fund administration services to Asian
private equity and venture capital funds.
Formed in 2013 as a joint venture between Tricor and IAG Group,
TIAG operates in 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 $12
billion.
All TIAG staff will be joining Trident Trust’s existing global
team of over 200 fund administration professionals.
“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. “We have been
continuously investing in our technology and our team to expand
the resources available to our clients, and the arrival of the
TIAG team significantly accelerates that growth in Asia.”
The acquisition of TIAG will increase Trident Trust’s global
funds’ assets under administration to $62 billion, across 940
funds.
