Jersey-based firm Hawksford has almost doubled its global headcount following its latest acquisition.
Consolidation in the corporate services sector has led to a growing number of deals in Asia over the past two years. The latest transaction to be announced sees Hawksford acquire People & Projects, Hawksford said in a statement on Monday.
This is the sixth acquisition by Hawksford since it was backed by private equity house Dunedin. The latest deal reinforces the firms presence in Asia augmenting the Singapore and Hong Kong offices while adding several new business units in China.
The deal takes the corporate, private client and fund administration company’s global headcount to over 400, with 200 now based in Asia, the worlds fastest growing wealth region.
«We are particularly pleased to have secured our own wholly owned operating capability in China and we believe this will be a major growth driver in coming years,» said Michel van Leeuwen, group chief executive of Hawksford.
