Equiom ac­quires Her­itage Trust Group and ex­pands into Sin­ga­pore and BVI

Malta Independent - - BUSINESS & FINANCE -

Lead­ing trust and cor­po­rate ser­vices provider Equiom has an­nounced the ac­qui­si­tion of Her­itage Trust Group, an in­de­pen­dent Asian cor­po­rate ser­vices provider with of­fices in Sin­ga­pore, Hong Kong and the Bri­tish Vir­gin Is­lands (BVI).

Es­tab­lished in 2002 and led by Chief Ex­ec­u­tive Of­fi­cer An­gelo Ve­nar­dos, Her­itage Trust Group pro­vides trust, foun­da­tion, fidu­ciary, cor­po­rate and ac­count­ing ser­vices.

Equiom’s Global Chief Ex­ec­u­tive Of­fi­cer Sheila Dean com­mented: “The ac­qui­si­tion of Her­itage Trust Group ex­pands Equiom’s ju­ris­dic­tional reach into the new ar­eas of Sin­ga­pore and BVI while ex­pand­ing our cur­rent team in Hong Kong. Equiom’s growth strat­egy con­tin­ues to con­cen­trate on achiev­ing scale and sub­stance through­out ev­ery juris­dic­tion we op­er­ate in. I’m pleased to wel­come An­gelo and his team to Equiom – they echo Equiom’s phi­los­o­phy of build­ing long­stand­ing re­la­tion­ships with clients and very much mir­ror our client ser­vices ethos. For Equiom clients this pro­vides fur­ther ac­cess to in­ter­na­tional ser­vices and ex­per­tise. I thank our eq­uity part­ners LDC and our legal ad­vis­ers Gowl­ing WLG for their val­ued in­put and sup­port through­out this ac­qui­si­tion project.”

An­gelo Ve­nar­dos Chief Ex­ec­u­tive Of­fi­cer of Her­itage Trust Group added: “This is a pos­i­tive move for Her­itage Trust Group. Our pri­or­ity has al­ways been to provide the best ser­vice in the in­dus­try and this has be­come in­creas­ingly dif­fi­cult in an en­vi­ron­ment faced with more com­pe­ti­tion and reg­u­la­tory re­quire­ments. Be­com­ing part of the Equiom Group will en­sure our clients con­tinue to re­ceive the ser­vice they de­serve, in ad­di­tion to ben­e­fit­ting from the breadth of ser­vices and skills avail­able through the wider Equiom Group. Her­itage clients can be rest as­sured that they will con­tinue to li­aise with the same con­tacts who will now be­come em­ploy­ees of Equiom. From their per­spec­tive, noth­ing will change other than ac­cess to a much ex­panded range of global ser­vices.”

A to­tal of 60 staff, in­clud­ing the se­nior man­age­ment team, will join Equiom Group with im­me­di­ate ef­fect. The Hong Kong team will move into Equiom’s es­tab­lished of­fices and Her­itage will re­brand to Equiom in Jan­uary 2017.

The ac­qui­si­tion of Her­itage fol­lows the re­cent an­nounce­ment of Equiom’s strate­gic part­ner­ship with Links Group in the United Arab Emi­rates and Qatar.

An­gelo Ve­nar­dos and Sheila Dean

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