The latest merger and acquisition deals in wealth management in Asia.

Acclime, CIBC
Asia-Pacific’s corporate services provider, Acclime, is expanding into India with the acquisition of corporate services consultancy, Concept International Business Consulting.

Co-founder and CEO of Acclime, Martin Crawford, said that CIBC has a 12-year history of specialising in regulatory compliance, market strategy, financial advisory, recruitment, and cultural adaptation.

“India is a key part of our growth plans and our merger with CIBC establishes a “beachhead” for Acclime, from which further expansion in the region will be possible – in terms of geographic coverage and the types of services we offer,” he added.

“It also provides CIBC’s clients with access to Acclime’s established operational network across Asia-Pacific, and permanent representation through our offices in the United Kingdom, Europe and the United States of America,” he stressed.

Crawford said that Acclime intends to be a major player in India and will actively assess opportunities to grow its pipeline of compliance and corporate services businesses.

CIBC chief executive, Sujay Sen Gupta, said the merger is a significant endorsement of the company’s professional skills and market leadership, and an exciting new chapter for its team.

“We chose to merge with Acclime because of our shared values, complementary services, commitment to people, and the strength of the pan-Asian network they have built,” Sen Gupta said. “We’re excited to be able to provide our clients with access to Acclime’s established network across Asia and the opportunity to provide market entry services, including M&A into Asia and also to expand our services to include far deeper accounting, financial and HR services than before.”

CIBC will formally transition to the Acclime India brand on 25 August 2022, the firm added.

Acclime is the premier corporate services provider in Asia, operating in 10 key Asian jurisdictions including China, Hong Kong, Malaysia, Cambodia, Vietnam, Philippines, Indonesia, Australia, Thailand and Singapore.