Swiss-based fiduciary services provider Alpadis is bolstering its Asian presence with the acquisition of Louvre Fiduciary in Hong Kong.
The expansion allows the firm to increase its services in Hong Kong and expand into new sectors and follows the recent appointment of Samy Reeb as managing director of Alpadis Trust Limited, who leads the trust and wealth planning segment of Alpadis Group in Hong Kong, according to the company.
“Hong Kong is one of the biggest growth areas for Alpadis Group and we have enjoyed significant interest in corporate and wealth preservation services in what is one of Asia’s biggest financial services hubs” said Alain Esseiva, chief executive of Alpadis Group
“That is why our acquisition of Louvre Fiduciary (HK) Limited is a perfect fit for us. We will be able to provide a range of wealth and corporate services to more firms, family offices and individuals, and also expand into newer sectors such as insurance with the new capabilities that we have.
“Last year we expanded in Singapore through an add-on acquisition, and this year we are continuing our growth in Hong Kong, and I look forward to continuing our Hong Kong success,” he added in a statement.
Alpadis Group will take on Louvre Fiduciary (HK) Limited’s customer base, which includes local firms, international multi-national companies, and individuals.
Furthermore, the partnership with Louvre Group – the Guernsey-based parent of Louvre Fiduciary (HK) Limited – will allow Alpadis Group to handle clients referred to from Louvre Group’s international offices, and vice versa.
All operations, employees and customers from Louvre Fiduciary will be integrated into Alpadis.