According to a statement, this new acquisition follows on from deals across the Isle of Man, Switzerland and Nordic markets, signed and announced last year.
BNP Paribas Wealth Management’s trust business in Singapore serves the growing Asian ultra-high net worth and high net worth markets, with clients typically being families and entrepreneurs, making this latest deal an ideal fit for the ZEDRA group.
BNP Paribas Wealth Management will work with ZEDRA as a preferred partner for trust services while continuing to accompany all of its clients on their wealth management journeys, leveraging the firm’s best-in-class private banking platform and global reach.
The deal will add to ZEDRA’s existing headcount of over 550 industry experts across 13 countries, spanning Asia, Oceania, the Americas and Europe. The acquisition will bring ZEDRA’s combined staff numbers in Singapore to 30.
ZEDRA chief executive officer Ivo Hemelraad said: “This latest deal will bring additional scale and expertise to our already fast-growing Singapore office.
“The Asian markets are very important for ZEDRA and continue to represent one of the most productive sources of new high quality clients.” – Jan 9, 2020, Bernama
