Jersey-based corporate, private client and fund administration company Hawksford has acquired People & Projects (P&P), strengthening its presence in Hong Kong and Singapore, and expanding its footprint across major cities in China.
Established in 2007, P&P is a corporate services provider with 140 employees operating out of 10 offices in Hong Kong, Singapore, Shanghai, Guangzhou, Beijing, Changshu, Shenzhen, Tokyo, Milan and Barcelona. It provides back-office and outsourcing support to a blue chip and SME international client base.
The transaction takes Hawksford’s global headcount to more than 400, with 200 now based in Asia.
P&P Partners Stefano Passarello, Dario Acconci and Giacomo Stoppa will become shareholders in Hawksford and continue in senior management roles to ensure continuity for P&P’s client base.
Michel van Leeuwen, Group Chief Executive of Hawksford, commented: “The acquisition fits our strategic aim of having a pan-Asian services platform. We are particularly pleased to have secured our own wholly owned operating capability in China.
"Increasingly, corporate clients want to have access to our services across all of Asia as they look to expand their own businesses throughout the region."
Pictured (l-r): Hawksford CEO Michel van Leeuwen, with P&P Partners Giacomo Stoppa, Stefano Passarello and Dario Acconci