Asiaciti Trust is an international financial company established in Hong Kong, with operations in Asia, the Americas, and the Pacific. Its services revolve around corporate services, fiduciary matters, wealth protection, and administration.
Background
Asiaciti Trust was established in
British Hong Kong
Hong Kong was a colony and later a dependent territory of the British Empire from 1841 to 1997, apart from a period of occupation under the Japanese Empire from 1941 to 1945 during the Pacific War. The colonial period began with the Briti ...
in 1978. The founder of Asiaciti Trust,
Australian
Australian(s) may refer to:
Australia
* Australia, a country
* Australians, citizens of the Commonwealth of Australia
** European Australians
** Anglo-Celtic Australians, Australians descended principally from British colonists
** Aboriginal A ...
Graeme W. Briggs, 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. 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. In January 2021, Asiaciti Trust appointed a new Managing Director for its Singapore office, Ross Belhomme.
Controversy
The company was associated with both the
Paradise Papers
The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper'' Süddeutsch ...
data leak and the
Pandora Papers
The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 3 ...
leak.
The Pandora Papers leaks revealed that the company helped
Kirill Androsov
Kirill Androsov Ph.D (born June 1972) is a Russian businessman, economist, and investor.
Androsov is a former Deputy Minister of the Ministry of Economic Development and Trade of the Russian Federation and Deputy Chief of Staff of the Office of ...
, a former aide to Russian leader
Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime min ...
, set up offshore companies so that he could engage in transactions with Russian oligarch
Oleg Deripaska. The company helped fugitive Moldovan politician
Vladimir Plahotniuc
Vladimir Plahotniuc (born 1 January 1966) is a Moldovan politician, businessman and oligarch. He was the chairman of the Democratic Party of Moldova (24 December 2016 – 24 June 2019) and previously was member of the Parliament of Moldova in th ...
.
See also
*
Estera
Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016. In February 2020 Estera merged with Oco ...
*
Intertrust Group
Intertrust (formerly Intertrust N.V.) is an international trust and corporate management company based in Amsterdam, Netherlands. In November 2022, it was acquired by Corporation Service Company. The company is best known for its fiduciary servic ...
*
TMF Group
TMF Group is a multinational professional services firm headquartered in Amsterdam, Netherlands. The independent group provides accounting, tax, HR and payroll services to businesses operating on an international scale. TMF Group, with 125 offic ...
References
External links
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{{Authority control
Financial services companies established in 1978
Singaporean companies established in 1978
Financial services companies of Singapore
Paradise Papers
Financial services companies of Hong Kong