, a Singapore-headquartered business services platform, has agreed to buy Marbury, a Hong Kong-based corporate advisory and fund administration services provider, for an undisclosed sum.
Marbury brings expertise in private equity fund administration and a team operating across Hong Kong, the British Virgin Islands, the Cayman Islands, Bermuda, and Singapore.
As part of the integration, Marbury's fund services operations will migrate to FIS, the platform for onboarding, fund administration, and compliance.
“This acquisition elevates our fund administration offering and reinforces our commitment to helping clients grow across jurisdictions,” Lennard Yong, founding management and group CEO of Ascentium, said.
Ascentium said the deal builds on recent acquisitions, including those of Harneys Fiduciary, InCorp Global, Links International and Virtuzone.
The enlarged group operates in 45 cities across 23 markets with a team of more than 2,500 professionals.
(From left to right) Duncan Smith, chairman and founder of Marbury, Wendy Wang, founding management and group president of Ascentium, Chris Dutka, managing director of Marbury, and Ross Munro, CEO of Harneys Fiduciary, an Ascentium Company.