‘ICS TRUST Hong Kong marks Orangefield acquisition number five since 2011’
Amsterdam, June 13th, 2012 – By acquiring ICS TRUST in Hong Kong, Orangefield gains an even stronger foothold in the Asia Pacific region. ICS TRUST is an award winning corporate service provider, specialist in private client work as well as enabling international companies to do business in the region, the People’s Republic of China in particular.
Orangefield Group is a global corporate service provider with a strong presence in Asia, employing a team of fourteen in the Hong Kong office.ICS TRUST’s multilingual and multidisciplinary team of forty-five is now part of the global Orangefield Group network offering a full range of business and private client services ensuring good corporate governance and efficient management in compliance with local laws and regulations.
Expansion continues to be the operative word at Orangefield. After the acquisition of Cyprus’ Fidelico in February and Tasl in Luxembourg last month, ICS TRUST is Orangefield’s fifth acquisition since 2011. Joep Bruins, CEO of Orangefield: “We are delighted to embrace ICS TRUST. Their innovative and pioneering nature will help Orangefield stay at the forefront of providing international business services.” Bruins lauds ICS TRUST’s ability to remove uncertainties and mitigate the risks of doing business in China. “ICS TRUST provides complete turn-key solutions and compliance. This is not just a nice-to-have service, this is a must-have for any business that is serious about engaging in the Asia Pacific region, China in particular.“
Tailor made solutions
ICS TRUST offers a comprehensive range of corporate services and private client services that vary from incorporation to managing day-to-day requirements of clients’ onshore and offshore companies as well as individual estate planning that encompass family offices and trusts. ICS TRUST’s director Mr. Kishore K. Sakhrani sees great opportunities to leverage both companies’ international expertise to provide integrated solutions for its clients. “By joining Orangefield we definitely increase our capacity to create tailor-made solutions to our clients. We see the same resourcefulness and drive at Orangefield that we value at ICS TRUST,” says Sakhrani.
Gateway to China
Hong Kong is a leading international financial business center that has entered into specific agreements with China, which benefit Hong Kong’s position as gateway to China. ICS TRUST helps take full control of clients’ China operations ensuring full compliance with China’s laws and regional regulations. Sakhrani: “Our clients can source in China and move products directly to their customers, because we know exactly how and where to move the documentation. Forget bureaucracy. If you ask me, this is a very hands-on approach.”
About Orangefield Group
Orangefield is a global full service corporate service provider and fund administrator, with more than 30 years of experience, providing a wide range of fund administration, management, administrative and trust services to funds, corporate clients and private clients all over the world. Orangefield is ISAE 3402 Type II (previously SAS 70) compliant, demonstrating the rigorous controls and attention to detail expected in all accounting, cash management, investor reporting and compliance responsibilities.
Orangefield Group has a strong global presence with offices in Europe, Asia, Africa and the Caribbean. Orangefield Group headquarters is located in Amsterdam.For more information, visit www.orangefield.com
About ICS TRUSTICS TRUST (ASIA) LIMITED is an award-winning private Hong Kong-based corporate, trust and commercial services company which provides integrated business solutions for corporations doing business in China or using Hong Kong as the gateway to China, importers selling to big box chains, and businesses seeking to establish Wholly Foreign Owned Enterprises (WFOEs) and Representative Offices in China.
ICS TRUST was founded in 1980 by Ms. Elizabeth L. Thomson, currently President.
Mr. Kishore K. Sakhrani is a director leading both the Investment Department and Trade Services Department.
For more information, visit www.icstrust.com