Tricor expands into Japan
Leading professional services firm, Tricor Group, acquires Ascendant Business Solutions K.K. and enters the Japan market.
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 firstname.lastname@example.org.
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