GLAS acquires Watiga 20 December 2024Singapore Reporter: Clelia Frondaroli
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The Global Loan Agency Services Group (GLAS) has acquired Watiga Trust and Watiga Asia, known collectively as Watiga.
The transaction was completed following regulatory approval from the Monetary Authority of Singapore (MAS) in late November.
The integration is said to expand GLAS’s loan and trustee offerings to clients local to the Singapore area, while growing the company’s footprint across the Asia Pacific region. Watiga’s clients will now also be able to access an international service offering.
GLAS Founders, Mia Drennan and Brian Carne, comment: “This partnership bolsters the group’s comprehensive regulated coverage across APAC, the EU and the Americas, and gives our clients the opportunity to access our service and product offering to more clients.”
Founder and managing director of Watiga, Matt Richards, adds: “Our team is excited to continue this journey with GLAS, which brings fresh perspectives and new opportunities. I believe GLAS's combination of technical expertise, financial infrastructure and their innovation mindset, all on a global scale, is beneficial for our clients, personnel, and stakeholders.”
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