Tricor Group acquires Madison Pacific to expand into debt services

KUALA LUMPUR: Tricor Group (Tricor) -- Asia’s leading provider of business, corporate and investor services -- has expanded into debt services with acquisition of Madison Pacific Group (Madison Pacific).

Combined with the current business of Tricor Investor Services, Madison Pacific -- specialise in providing corporate trust, loan agency and security trustee services -- will provide Tricor a complete platform to support corporate clients in their capital needs in the debt and equity markets especially in Hong Kong.

The acquisition adds Madison Pacific’s strong franchise and deep expertise in corporate debt and investment to the Tricor platform and allows the combined group to offer sophisticated solutions to both firms’ clients, a statement said.

Group chief executive officer of Tricor, Lennard Yong said the company can now provide solutions as a corporate trust provider to enable their customers to easily access capital in the debt markets.

“As Asia continues to drive the world’s economic growth, we will leverage our geographic advantage to help our clients accelerate growth in this region. Together with Madison Pacific, we will deliver truly invaluable solutions for our clients,” he added.

Madison Pacific was founded in 2010 in Hong Kong to address the need for an independent and experienced expert provider of trusted third-party trustee and agency services in sophisticated cross-border debt focused transactions.

Tricor has a growing global presence with client portfolio over 1,200 companies listed on the Hong Kong Stock Exchange and more than 500 companies listed in Singapore and Malaysia.