TMF Group expands in APAC by acquiring Sino Corporate Services Group
TMF Group, a leading provider of compliance and administrative services, including fund accounting and administration, serving 8,000 clients in 86 jurisdictions, has announced the acquisition of Sino Corporate Services Group. With this acquisition, TMF Group will boost its corporate secretarial, accounting, trust and fund administration services in the APAC region.
Sino Corporate Services Group was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs a team of 53 experts. The management team has more than 30 years’ experience and a deep understanding of doing business in the region since the early 1990s.
As a result of the acquisition, four key members of Sino Corporate Services Group’s management team will join TMF Group. The strategic acquisition highlights TMF Group’s drive to further grow its APAC presence.
The deal follows the acquisitions of Hong Kong-based Ecovis and Union Alpha in 2022 and reflects the growing focus on fund services and private wealth in the region.
Shagun Kumar, Head of APAC at TMF Group said: “We’re delighted to welcome Sino Corporate Services Group, their staff and their clients to TMF Group. Our focus on the APAC region stays strong, as the region offers many opportunities to grow. Sino Corporate Services Group’s expertise and focus in three key jurisdictions and strong relationships in the other major financial centres of Asia, together with TMF Group’s well-established ties in the region, will enable us to provide flawless service to clients operating throughout the region.”
Alex Cho, Head of Sino Corporate Services Group said: “We are pleased to have combined our Hong Kong, China and Singapore offices with those of TMF Group, a leading global provider of trust and corporate services. We can now provide an expanded range of international services to our clients, enabling them to engage one service provider for all their jurisdictional needs. In addition to greater career opportunities, our staff will increase their knowledge of a wider range of world economies.”
