M and A

Deals Of The Day: The Latest In Wealth Management M&A - Acclime, Vietnam

Editorial Staff 22 December 2020

Deals Of The Day: The Latest In Wealth Management M&A - Acclime, Vietnam

The latest M&A deals in wealth management.

Acclime, a corporate services provider in Asia, has completed its purchase of Finex Corporation in Vietnam, taking its headcount in the country to more than 100 and doubling the size of its business in the country’s market.

Established in 2008, Finex started as a human resources consultancy practice providing HR-related services such as payroll, HR consultancy, recruitment, and staff outsourcing services to international clients operating in Vietnam. As the business grew, the scope of services expanded to include accounting, tax and compliance services.

Betty Lim, the founder and director of Finex, and Kevin Lam, director of Finex will join Acclime as partners while continuing to be responsible for Finex’s client portfolio. The business will merge with Acclime's existing Vietnam business early in 2021, in combined premises in both Ho Chi Minh City and Hanoi. Acclime also has an operational office in Danang.

“Vietnam is a growth market for corporate services as foreign businesses continue to invest, attracted by the size and demographics of the country, the quality and availability of skilled resources, and the economic growth potential,” Martin Crawford, co-founder and CEO of Acclime, said. “The addition of Finex to Acclime gives us a substantial opportunity for Acclime to diversify our client base. We can now offer a broader spectrum of our service offerings, including full-fledged HR outsourcing.”

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