Ascentium Acquires ZICO Corporate Services in ASEAN Push

Ascentium, a top international business services platform, has completed the successful acquisition of the corporate services business of ZICO Holdings' (ZICO) across Singapore, Malaysia, and the Philippines, and trust and trustee services in Labuan.

The acquisition signals Ascentium's entry into the Labuan market and complements its Southeast Asian presence. ZICO, which has achieved over three decades of operational excellence, has a solid heritage of corporate secretarial services, trust administration, regulatory compliance, and high-end client custody.

Ascentium noted that ZICO's services will be complemented into its current operations throughout Singapore, Malaysia, and the Philippines, allowing clients to enjoy an enhanced range of corporate and fiduciary services.

Key highlights:

• Ascentium acquires ZICO’s corporate services in Singapore, Malaysia, Philippines, and Labuan
• The deal strengthens Ascentium’s Southeast Asia footprint and marks its Labuan entry
• ZICO’s legacy of governance, premium clients, and regional expertise enhances Ascentium’s platform

The transaction complements Ascentium's recent acquisitions, InCorp Global, Links International, and Harneys Fiduciary, as part of its long-term expansion plan in the Asia-Pacific region.

Lennard Yong, Ascentium's Founding Management and Group CEO, described the transaction as a strategic milestone. "The deal is an important step forward in our Southeast Asia growth strategy and is an important milestone toward establishing an unmatched regional expertise leadership team," he said. "We appreciate ZICO's entrepreneurial heritage, robust governance framework, and high-value client base, which reflect our mission to provide innovative business services."

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Datuk Kelvin Ng, Group CEO of ZICO Holdings, highlighted the importance of the transition. "Over the years, our teams have established a strong reputation for professionalism, trust, and regional knowledge. We are confident that Ascentium's leadership and global reach will unlock new opportunities for our clients and colleagues," he said.