KUALA LUMPUR, Dec 3 (Bernama) -- Tricor Group (Tricor) has acquired CP TRUST Co. Ltd. -- a leading provider of trust company services -- in the Labuan International Business and Financial Centre (Labuan IBFC) to bolster its trust offering in Labuan, Malaysia.
The acquisition will integrate CP TRUST vast range of services into Tricor’s existing suite of services and solutions as the company was ranked the Top Trust Company in Labuan for past three years since founded in 2014, a statement said.
“By joining hands, we provide our clients an elevated offering and reinforce our commitment to meeting their every need as they grow throughout Asia. This acquisition makes Tricor an even more formidable player in Labuan and the region,” said Group CEO of Tricor, Lennard Yong.
Meanwhile, CP TRUST’s Executive Director, Bee Wong commented that it is a great pleasure to become partners in their shared vision to accelerate Labuan’s development as Asia’s newest financial centre.
“Our services have long helped companies thrive in the Labuan jurisdiction and therefore in Malaysia and elsewhere in Asia, and I am confident that with Tricor’s support, we will reach new heights together,” she added.
Tricor is Asia’s leading provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services. It has a growing global presence with over 30,000 clients globally and offices in 39 cities across 20 countries and territories.
More details on https://www.tricorglobal.com.
-- BERNAMA
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