Asiaciti Trust Explained

Asiaciti Trust
Industry:Financial services
Predecessors:-->
Successors:-->
Founded:7 July 1978
Founder:Graeme W. Briggs
Hq Location Country:Singapore
Area Served:Worldwide
Owners:-->

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

Notes and References

  1. Web site: 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 . ICIJ publishes final batch of Pandora Papers data on more than 9,000 offshore companies, trusts and foundations . . May 3, 2022.
  2. Web site: Asiaciti Trust Appoints New MD for Singapore . finews.asia . January 11, 2021.
  3. Web site: 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 . 2021-11-16.
  4. News: 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. en-AU. ABC News. 2021-10-03.
  5. Web site: Directory . HKET . 15 August 2018.
  6. Web site: Creating a Robust Family Succession Plan that Embraces Governance, Tax & Compliance . Hubbis . 18 March 2021 . 3 May 2020.
  7. Web site: Asiaciti Trust Appoints New MD for Singapore . finews.asia . 11 January 2021 . 3 May 2020.
  8. Web site: Paradise Papers Exposes Donald Trump-Russia links and Piggy Banks of the Wealthiest 1 Percent. Icij.org. 5 November 2017 . 7 November 2017.
  9. Web site: Pandora Papers: An offshore data tsunami. ICIJ. 2021-10-03. 2021-10-26.
  10. Web site: Butler. Ben. 2021-10-03. Offshore provider accused of failing to follow money laundering rules. live. 2021-10-06. the Guardian. en. https://web.archive.org/web/20211003174650/https://www.theguardian.com/news/2021/oct/03/offshore-provider-accused-of-failing-to-follow-money-laundering-rules . 2021-10-03 .
  11. Web site: Tang. See Kit. 2021-10-06. MAS examining information in Pandora Papers about Singapore-based Asiaciti Trust. live. 2021-10-06. CNA. en. https://web.archive.org/web/20211006092631/https://www.channelnewsasia.com/business/mas-examining-information-pandora-papers-asiaciti-trust-singapore-2225306 . 2021-10-06 .
  12. News: Miller . Greg . How U.S. sanctions take a hidden toll on Russian oligarchs . 2022-03-09 . Washington Post . en.
  13. Web site: 2022-03-23 . New Zealand moves to crack down on corporate secrecy after Pandora Papers - ICIJ . 2022-03-24 . en-US.

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