ZEDRA Confirms Completion of the Acquisition of BNP Paribas Singapore Trust Corporation Limited

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

ZEDRA confirms, following receipt of regulatory approval from the Monetary Authority of Singapore (MAS), that it has completed its acquisition of BNP Paribas Singapore Trust Corporation Limited, first announced in January of this year.

BNP Paribas Singapore Trust Corporation Limited, to be renamed Zedra Trustees (Singapore) Limited serves the growing Asian ultra-high net worth and high net worth markets, with clients typically being families and entrepreneurs.

Commenting on the acquisition, Ivo Hemelraad, CEO of ZEDRA said: Singapore is a core jurisdiction for ZEDRA given the countrys reputation for its high quality financial services sector, prudent supervision and resilient infrastructure. This latest deal will bring additional scale and expertise to our already fast growing Singapore office.

Wendy Sim, Managing Director ZEDRA Singapore explains: In spite of the disruption caused by the COVID-19 pandemic, we are seeing an increase in enquires, in particular around succession planning. The situation has acted as a catalyst, prompting clients to review how their estates will be managed and assets passed on. Clients want to be reassured that existing structures are fit for purpose.

BNP Paribas Wealth Management will work with ZEDRA as a preferred partner for trust services while continuing to render its clients wealth management services, leveraging the firms best-in-class private banking team and global reach.

Arnaud Tellier, CEO of BNP Paribas Wealth Management Asia, said: We are committed to providing our clients with best-in-class opportunities; with an open architecture platform we continue to present solutions tailor made to each client and these include wealth planning strategies. We recognise that the wealth ambitions of our clients are as unique as their individualities and we continue to build on the future of our platform focusing on aligning investment objectives with solutions to Sustainability and ESG values.

Wendy Sim ends, Our strengthened trust proposition will be an important asset going forward, as we continue to grow both our local Asian business, but also support European clients who may seek a Singaporean aspect to their trusts and structuring solutions.

The deal will add to ZEDRAs existing headcount of over 500* industry experts across 14 countries, spanning Asia, Oceania, the Americas and Europe. The acquisition will bring ZEDRAs combined staff numbers in Singapore to 35, all located in a brand new, centrally located ZEDRA office.

About ZEDRA and BNP Paribas Wealth Management

Please visit https://www.zedra.com/boilerplate/

Press information :

Guy Stephenson

Nacelle

Tel: +44 20 8333 9125