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05 July 2024
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TMF Group expands in Australia by acquiring Vasco Trustees

TMF Group, a leading provider of global administrative services, today announced the acquisition of Vasco Trustees, one of Australia’s largest fund services providers across domestic and international markets.

Vasco Trustees provides a complete range of fund services including fund establishment, trustee services, fund administration, compliance and licensing, and corporate services solutions.

Through this acquisition, TMF Group will be offering end-to-end business support including tax and regulatory reporting, to its funds and other institutional clients - further strengthening its fund services capabilities.

Patrice Lo, TMF Group’s Singapore, Australasia & Malaysia Market Lead, commented 

This acquisition highlights the immense potential of the Australian market and TMF Group’s everlasting commitment to growth in this region. It also represents an opportunity to onboard a top-tier fund services establishment, all to the benefits of our clients.

Patrick Nyahwo, TMF Group’s Head of Fund Services Australia, said 

This deal further displays the strengths of TMF Australia. We passionately believe that combining our resources and expertise with Vasco Trustees’ talented team will lead to even greater success and a more robust future for our operations in the country.

Craig Dunstan, Vasco’s Managing Director and Joint Founder, added

This strategic alliance marks a significant milestone in Vasco Trustees’ 15-year history. We are honoured to become part of a global platform, with increased career opportunities and extensive global clients and capabilities. This integration will also allow us to continue our tradition of providing the best service for our clients.

Vasco Trustees was advised by Nelson Lam and Glenn Dunn of Berkshire Global Advisors.

Media Contacts

Zulfadhli Ibrahim, Corporate Communications Executive 
T: +60 3 2382 4288