A Singapore corporate services firm has been acquired by a wealth structuring company with offices in Jersey, Switzerland, the United Arab Emirates and Singapore.
Janus Corporate Solutions was bought by Hawksford Group as part of the latter's expansion into Asia, the firms said in a joint statement on Monday. The value of the deal was not disclosed.
Janus, which was established in 2009 and is run by chief operating officer Jacqueline Low, provides company secretarial, accountancy, business support and immigration services in Singapore. It has a team of 40 people and more than 1,500 clients.
The Singapore firm has enjoyed revenue growth of 30 per cent annually since it was set up, the statement said.
"'I am excited about joining the growing Hawksford Group. Our clients will benefit from the wider team's experience and we will continue to provide high quality services," Ms Low said.
The deal will enable Hawksford to "develop a strong presence in the Asian market" and will increase its profits by 25 per cent, according to the statement.
Hawksford specialises in preserving and enhancing wealth for corporations and ultra-high net worth individuals, and provides fiduciary, family office, and succession planning services.
The acquisition of Janus will allow Hawksford to provide high-quality services for clients who are looking towards Singapore as a location for their needs.
"We searched long and hard for a high quality business in Asia that would complement our existing service offering, and we are delighted to welcome the Janus team to the Hawksford Group," said Hawksford chief executive officer Maxine Rawlins.