Trust and fiduciary services provider, Hawksford, has acquired People & Projects Ltd (P&P), an acquisition which will significantly strengthen its current presence in Hong Kong and Singapore, and provide it with an extensive footprint across major cities in China.
P&P is a corporate services business with a strong track record in supporting international corporates to expand their operations, including manufacturing and sales, into and across Asia. P&P provides accounting, tax and corporate service solutions that designed to help clients navigate the complexities of setting up and doing business in the region, particularly in China where P&P has five offices.
Hawksford’s corporate clients will now have access to a greater depth of service across the major economies of Asia, while P&P clients will be able to utilise Hawksford’s wider services in other locations.
P&P’s partners Stefano Passarello, Dario Acconci and Giacomo Stoppa will become shareholders in Hawksford and continue in senior management roles ensuring continuity for P&P’s longstanding client base.
The transaction takes Hawksford’s global headcount to over 400, with 200 now based in Asia.
This is the sixth acquisition that Hawksford has made since it was backed by private equity house Dunedin.
P&P has 140 employees operating out of ten offices in Hong Kong, Singapore, Shanghai, Guangzhou, Beijing, Changshu, Shenzhen, Tokyo, Milan and Barcelona.
Hawksford established a presence in Asia in March 2014 through the acquisition of Janus Corporate Solutions in Singapore, and expanded its Asian operations through organic growth in Hong Kong and a MAS regulated private wealth business in Singapore.
|RATE THIS ARTICLE|
THIS WEEK'S TOP STORIES
PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.