Global professional services provider restructures with a new regional base in Hong Kong to tap North Asian growth
Global professional services provider Equiom Group officially opened a new office in Causeway Bay today (10 November 2022) that combines its subsidiaries in Hong Kong in a restructuring exercise aimed to expand its business in North Asia via the city’s international financial hub status.
(From Left): Associate Director-Trust, Equiom, Ms Eleanor Yip; Partner, Loeb & Loeb LLP, Mr Erik Wallace; Director-Trust, Equiom, Ms Karen Choy; Managing Director-Hong Kong, Equiom, Mr Joe Cheung; Head of Financial Services and Global Head of Family Office, InvestHK, Mr Dixon Wong; Business Development Director, Equiom, Mr James Ho and Team Leader-Corporate Services, Bridges, Mr Kelvin Lau
Equiom Group provides an unrivalled breadth of end-to-end private wealth structuring and business support services to private, institutional and corporate clients. It supports international corporations, high net worth individuals and families around the world with their fiduciary and related business support needs.
The Group merged Equiom Hong Kong with sister corporate services provider Bridges in August 2022. The combined team is led by its Location Head in Hong Kong, Mr Joe Cheung. He said that Equiom Hong Kong is the entry point for the Group to expand its operation in North Asia and will serve as the Group’s headquarters in the region.
He said, "Hong Kong is the premier international financial centre in Asia where much of the North Asian business deals are done alongside the management of the growing wealth of those business leaders and entrepreneurs. With the third-largest stock market in Asia and a sophisticated banking system on par with New York and London, Hong Kong is a very reliable jurisdiction to manage one’s personal wealth."
He added, "Together with South East Asia and the Middle East, Equiom sees North Asia a critical region to its continuous growth plans in private wealth services. The exponential growth of wealth in the Mainland in recent years, the increasingly globalised nature of North Asian families and the ageing population in the region result in increasingly high demand for trust services. Having an office in Hong Kong gives Equiom the best position to offer its expertise to the market."
Associate Director-General of Investment Promotion Mr Charles Ng said, "Hong Kong is located at the heart of Asia and close to the Mainland. It is a premier business hub in the region and remains a magnet for overseas and Mainland businesses. The city is an ideal place for global companies like Equiom to serve their clients in the region. We wish it every success and beyond."
About Equiom Group
Established in 1978, Equiom is a global professional service provider with more than 40 years of experience providing bespoke corporate and private client services. With 18 offices around the world and a highly experienced team of knowledgeable experts, the company provides a complete solutions package to help its clients achieve their ambitions and bring peace of mind. For more information, please visit www.equiomgroup.com.
About InvestHK
InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.
For a photo, please visit www.flickr.com/photos/investhk/albums/72177720303566149.
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