Appleby open PRC fiduciary services business

Appleby has announced that it is to open an office offering fiduciary services in mainland China on 2 April this year.  The new office will work closely with with the firm’s existing Hong Kong office, which has operated for over 20 years.

The Appleby Group has existing offices in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, London, Mauritius, the Seychelles and Zurich and claims to be the largest combined legal and offshore fiduciary group in the world. 

Shanghai is predicted to be one of the world's largest financial centres by 2025, a fact which has not gone unnoticed by many in the fiduciary sector, and there has been notable interest in establishing Asian presences from many offshore service providers.   However, Asia is a difficult region in which to establish new businesses and those, such as Appleby, who have a long track record in the region can be expected to have a natural advantage over many of the newcomers.