GA Group Widens Asian Strategy Through NZ Unit Takeover

Vanessa Doctor

15 March 2011

GA Group, the Isle of Man headquartered financial services firm, has announced plans to fully acquire the businesses and assets of New Zealand-based GA Group as part of its international expansion strategy.

The company has been working to become regionally headquartered in Kuala Lumpur in order to capture the growing established and emerging market bases throughout the Asia-Pacific. In a statement, GA Group said that it is especially interested in China, given its status as the world's second largest economy.

"Our aim is to provide a focal point for investment, capital growth, and the continual development of diversified private equity portfolios. GA Group can expand throughout the Asia-Pacific region," said Tim Munro-Keene, executive chairman.

The company will delivery financial services through nine specialist partners designed to work with institutional, corporate and private clients. These include investment product development, asset management, advisory services, direct and managed investment, debt restructuring and leverage, and others. GA Group has partner firms in Auckland, Bangkok, Brisbane, Hong Kong, London, Singapore, and Sydney.

Board director and leadership team appointments will be announced in the next weeks.