Caribbean360: Tricor expands into Japan

Tricor expands into Japan
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Chris Hoyos on 26/05/2011 10:06:00
 
HONG KONG, Thursday May 26, 2011 - Tricor Group (“Tricor”), a member of The
Bank of East Asia Group and one of the leading professional services firms,
announced the acquisition of Ascendant Business Solutions K.K. (“Ascendant”)
in Japan. The acquisition was completed on May 20, 2011. Ascendant’s corporate
services business will operate under the new registered name of Tricor K.K. with
immediate effect.
With this acquisition, Tricor establishes its first office in Tokyo and heralds
its expansion into Japan. Tricor now has operations in 23 cities across 14
countries/territories, making Japan the 14th country in the Tricor family. And
with over 1,500 staff globally, Tricor is well positioned to provide world-class
services to clients.
Tricor K.K. offers a comprehensive range of Business Services, Corporate
Services, Consulting and China Services with special expertise in financial
management, human capital management, risk and compliance. Clients in Japan will
benefit from Tricor’s extensive network in Asia, in particular Greater China.
Equally, Tricor’s existing clients will be offered seamless access to
expertise services in Japan.
Tricor K.K. will be headed by former Ascendant Representative Director, Mr.
Henry Tan and Managing Directors, Mr. Naoto Kira, Mr. Yasunori Homma and Mr.
Mark Ferris.
Mr. Henry Tan said, “We are excited by this partnership with Tricor, which
presents great opportunities to both our clients and colleagues. With the backup
of a strong network of over 1,500 professional talents with particular strength
in Asia, - the global center of economic development – we are poised to be a
key player in the region to fulfill our clients’ growing service demands.”
Mr. Johnny Ng, Tricor Group Chief Executive, said “We are most pleased to
bring Tricor K.K. into the Tricor family. Japan represents a significant market
in Asia and we have been looking for a suitable partner there for quite a while.
Tricor K.K. will further strengthen our already strong Asian servicing network.
With Tricor K.K. on board, we will be able to assist companies venturing into
the Japanese market as well as others that aim to expand their reach
globally.”
About Tricor Group (“Tricor”)
Tricor is a global provider of integrated Business, Corporate and Investor
Services. As a Business Enabler, Tricor provides outsourced expertise in
corporate administration, compliance and business support functions that allows
clients to concentrate on what they do best – Building Business. Tricor K.K.
provides a range of Business Services, Corporate Services, China Investor
Services and Consulting, and hopes in time to mirror substantially all the
services provided by Tricor.
Press release: Tricor 3 expands into Japan Tricor has built its reputation and
professional expertise through the acquisition of certain practices from major
international accounting and professional firms as well as through organic
growth and development. Tricor offices are located in Hong Kong (Head office),
Barbados, British Virgin Islands, Brunei, Dubai UAE, Indonesia, Japan, Labuan,
Macau, Mainland China, Malaysia, Singapore, Thailand and the United Kingdom.
Tricor’s qualified professionals are experts in corporate structuring and
advisory functions. In most countries / territories where Tricor operates,
Tricor offers services in Accounting; China Entry & Consulting; Company
Formation, Corporate Governance & Company Secretarial; Executive Search & Human
Resources Consulting; Initial Public Offerings & Share Registration; Fund,
Payroll, Treasury & Trust Administration; and Management Consulting. For more
information on Tricor, please visit www.tricorglobal.com.
About The Bank of East Asia (“BEA”)
Incorporated in Hong Kong in 1918, BEA is dedicated to providing comprehensive
retail banking, commercial banking, wealth management, and investment services
to its customers in Hong Kong and other major markets around the world. BEA is
the largest independent local bank in Hong Kong, with total consolidated assets
of HK$534.2 billion (US$68.7 billion) as of 31st December, 2010. The Bank is
listed on The Stock Exchange of Hong Kong and is one of the constituent stocks
of the Hang Seng Index. With more than 210 outlets worldwide, BEA operates an
extensive international network covering Hong Kong and the rest of Greater
China, North America, the United Kingdom, and Southeast Asia. For more
information on BEA, please visit any BEA branch or the Bank’s homepage at
www.hkbea.com.
About Ascendant (“Tricor K.K.”)
Ascendant is a dynamic fast growing professional services firm based in Tokyo
with expertise in outsourcing, consulting and technology related services and
solutions to clients in Japan. Founded in 1995, Ascendant’s core competencies
are in the areas of financial management, human capital management, risk and
compliance. The professional team consists of qualified accountants, tax
advisors, social and labor insurance lawyers and former business executives. For
more information, please visit www.jp.tricorglobal.com or contact Ms. Ayako
Yoshida of Tricor K.K. at (81) 3 4580 2731 or ayako.yoshida@jp.tricorglobal.com.
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