Asiaciti Trust
IndustryFinancial services
Founded7 July 1978
FounderGraeme W. Briggs
Headquarters
Singapore
Area served
Worldwide
Services
Websitewww.asiacititrust.com

Asiaciti Trust is an international financial company established in Hong Kong, with operations in Asia, the Americas, and the Pacific.[1] Its services revolve around corporate services, fiduciary matters, wealth protection, and administration.[2]

Background

Asiaciti Trust was established in British Hong Kong in 1978.[3] The founder of Asiaciti Trust, Australian Graeme W. Briggs,[4] was formerly the international tax partner of Marquand & Co. He acquired the international operations of Marquand & Co in 1975. He was a founding Senator of the Offshore Institute.[5] Asiaciti moved its headquarters to Singapore in late 1984. In September 2020, Asiaciti Trust appointed Colin Porter as Group Managing Director. In the same year, Asiaciti Trust also appointed a new Managing Director for its New Zealand office, Kate Weiss.[6] In January 2021, Asiaciti Trust appointed a new Managing Director for its Singapore office, Ross Belhomme.[7]

Controversy

The company was associated with both the Paradise Papers data leak[8] and the Pandora Papers leak.[9][10][11] The Pandora Papers leaks revealed that the company helped Kirill Androsov, a former aide to Russian leader Vladimir Putin, set up offshore companies so that he could engage in transactions with Russian oligarch Oleg Deripaska.[12] The company helped fugitive Moldovan politician Vladimir Plahotniuc.[13]

See also

References

  1. ^ Desprat, Caroline; O’Leary, Madeline; Romera, Pierre; Vanza, Maxime; Cucho, Antonio; Escudero, Jesús; Torres, Mago; Ajiri, Denise Hassanzade; McGoey, Sean; Boland-Rudder, Hamish; Mustufa, Asraa; González, Jorge; Ladrón de Guevara, Javier; Hudson, Michael (May 3, 2022). "ICIJ publishes final batch of Pandora Papers data on more than 9,000 offshore companies, trusts and foundations". International Consortium of Investigative Journalists.
  2. ^ "Asiaciti Trust Appoints New MD for Singapore". finews.asia. January 11, 2021.
  3. ^ "Cally Ching on Building the Global Asiaciti Trust Proposition for North Asia Clients -Asian Wealth Management and Asian Private Banking". Asian Wealth Management and Asian Private Banking. 2021-06-08. Retrieved 2021-11-16.
  4. ^ ICIJ; Briefing, Background; Corners, Four; Christodoulou, ABC Investigations / By Mario; Worthington, Elise; Sveen, Ben (2021-10-03). "He made a $62m fortune keeping his rich clients' secrets. Now they are spilling out". ABC News. Retrieved 2021-10-03.
  5. ^ "Directory". HKET. Retrieved 15 August 2018.
  6. ^ "Creating a Robust Family Succession Plan that Embraces Governance, Tax & Compliance". Hubbis. 18 March 2021. Retrieved 3 May 2020.
  7. ^ "Asiaciti Trust Appoints New MD for Singapore". finews.asia. 11 January 2021. Retrieved 3 May 2020.
  8. ^ "Paradise Papers Exposes Donald Trump-Russia links and Piggy Banks of the Wealthiest 1 Percent". Icij.org. 5 November 2017. Retrieved 7 November 2017.
  9. ^ "Pandora Papers: An offshore data tsunami". ICIJ. 2021-10-03. Retrieved 2021-10-26.
  10. ^ Butler, Ben (2021-10-03). "Offshore provider accused of failing to follow money laundering rules". the Guardian. Archived from the original on 2021-10-03. Retrieved 2021-10-06.
  11. ^ Tang, See Kit (2021-10-06). "MAS examining information in Pandora Papers about Singapore-based Asiaciti Trust". CNA. Archived from the original on 2021-10-06. Retrieved 2021-10-06.
  12. ^ Miller, Greg. "How U.S. sanctions take a hidden toll on Russian oligarchs". Washington Post. Retrieved 2022-03-09.
  13. ^ "New Zealand moves to crack down on corporate secrecy after Pandora Papers - ICIJ". 2022-03-23. Retrieved 2022-03-24.

External links

Paradise Papers
Authority control databases
Categories