As a result of the agreement, Alpadis Group, which is present in Hong Kong, Kuala Lumpur, Labuan and Singapore, will extend its footprint across Asia.

This pact follows a trend of Western firms seeking to build wealth businesses in Asia.

“Thailand continues to improve its attractiveness for Foreign Direct Investment (FDI) with a number of government initiatives that seek to make the country more accessible to those seeking to expand their presence in Thailand and Asia, while at the same time reducing the amount of `red tape’ required for beginning or expanding such business activities,” Alain Esseiva, co-founder and CEO of Alpadis Group, and Dominik Heer, COO of Alpadis Group, said. Heer is leading the Thai expansion. 

The Alpadis Group is an independent and privately-owned group, founded in Switzerland in 2005.