Trident Trust extends Asia Fund Administration capabilities with acquisition of Tricor IAG Fund Administration Group
Trident Trust has reinforced its global resources for alternative asset managers with the acquisition of Tricor IAG Fund Administration Group (“TIAG”), a leading specialist provider of fund administration services to Asian private equity and venture capital funds.
Formed in 2013 as a joint venture between Tricor and IAG Group, TIAG has operations in both Singapore and Hong Kong, and provides fund administration solutions to a broad range of private equity managers in Asia with total AUM of US$12 billion.
All TIAG staff will be joining Trident Trust’s existing global team of over 200 fund administration professionals.
Growing our global fund services capabilities, particularly for private capital funds, is one of our core strategic priorities. We have been continuously investing in our technology and our team to expand the resources available to our clients, and the arrival of the TIAG team significantly accelerates that growth in Asia.
Markus Grossmann, Regional Managing Director, Asia, Middle East and Africa
The acquisition of TIAG will increase Trident Trust’s global funds AUA to US$62 billion, across 940 funds.
Trident Trust is a dynamic and digitally progressive firm, and there is a clear alignment of our client service delivery ethos. We share the same commitment to first-rate personalised service, and I look forward to contributing to the continued growth of Trident’s private equity client base and range of services.
Raymond Page, founder of TIAG
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