Global Loan Agency Services (“GLAS”) announced the acquisition of Serica Trust & Agency (“Serica”), the leading Hong Kong and Singapore-based loan agency and trustee services provider.
Louise Coffey, Founder and Managing Director of Serica, will continue to lead the Serica business, with Rob Sandes overseeing the Hong Kong operations. The newly acquired team will work alongside Watiga Founder Matt Richards and GLAS Founders Mia Drennan and Brian Carne to launch a combined strategy to supercharge GLAS’s growth across the Asia-Pacific region.
Following the acquisitions of Watiga and now Serica, GLAS has more than 60 people based in the APAC region.
GLAS Co-Founders, Mia Drennan and Brian Carne, said, “The acquisition of Serica represents another significant milestone for us, complementing our recent acquisitions of Watiga in Singapore and Pristine in France, and is set against the backdrop of another year of amazing organic growth across the company. Brian and I are excited to welcome Louise, Rob and their team to the GLAS family, and we look forward to providing a range of products and services across the Asia-Pacific region which is important to our clients.
Having local teams in Hong Kong and Singapore strengthens our ability to deliver exceptional service on both local and cross-border complex transactions originating in the Asia-Pacific markets.”
Serica’s Founder and Managing Director, Louise Coffey, commented, “It has been a privilege to build the Serica business over the past four years, and Rob and I are really excited for what the future holds for our clients and team as part of GLAS.
From inception, we have prioritized providing exceptional levels of client service and are thrilled to join a group that mirrors our dedication to providing a front-office approach to back-office services.
This acquisition will enhance our capabilities in the region across all fronts and offer our clients access to market-leading technology, regulated coverage, and a global network to support their needs.”
Source: BusinessWire India
