Orangefield Group: Orangefield widens gateway to China
PRESS RELEASE
Orangefield widens gateway to China
'ICS Trust Hong Kong marks Orangefield acquisition number five since 2011'
Amsterdam, June 13, 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.
Number five
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."
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Notes to editors.
For more information contact:
Guido Wagenaar, Orangefield Global Head of Business Development. t:
+31205405889 | m: +31 6 54956301 | Guido.Wagenaar@orangefield.com
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 TRUST
ICS 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
Orangefield widens gateway to China:
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