Tricor Group (“Tricor”), a member of The Bank of East Asia Group and one of the leading professional services firms, announced the acquisition of Ascendant Business Solutions K.K. (“Ascendant”) in Japan. The acquisition was completed on May 20, 2011. Ascendant’s corporate services business will operate under the new registered name of Tricor K.K. with immediate effect.
With this acquisition, Tricor establishes its first office in Tokyo and heralds its expansion into Japan. Tricor now has operations in 23 cities across 14 countries/territories, making Japan the 14th country in the Tricor family. And with over 1,500 staff globally, Tricor is well positioned to provide world-class services to clients.
Tricor K.K. offers a comprehensive range of Business Services, Corporate Services, Consulting and China Services with special expertise in financial management, human capital management, risk and compliance. Clients in Japan will benefit from Tricor’s extensive network in Asia, in particular Greater China. Equally, Tricor’s existing clients will be offered seamless access to expertise services in Japan.
Tricor K.K. will be headed by former Ascendant Representative Director, Mr. Henry Tan and Managing Directors, Mr. Naoto Kira, Mr. Yasunori Homma and Mr. Mark Ferris.
Mr. Henry Tan said, “We are excited by this partnership with Tricor, which presents great opportunities to both our clients and colleagues. With the backup of a strong network of over 1,500 professional talents with particular strength in Asia, – the global center of economic development — we are poised to be a key player in the region to fulfill our clients’ growing service demands.”
Mr. Johnny Ng, Tricor Group Chief Executive, said “We are most pleased to bring Tricor K.K. into the Tricor family. Japan represents a significant market in Asia and we have been looking for a suitable partner there for quite a while. Tricor K.K. will further strengthen our already strong Asian servicing network. With Tricor K.K. on board, we will be able to assist companies venturing into the Japanese market as well as others that aim to expand their reach globally.”