Legal Backoffice Provider Opens Shanghai IOffice
Appleby, a provider of offshore legal, fiduciary and administration services, will expand, we are told in the following press release, into mainland China with a new representative office in Shanghai, opening April 2nd, 2012.
And here's what they say in their press release
The new office will deliver fully integrated fiduciary and administration services and operate in tandem with the firm's Hong Kong office, which has serviced Appleby's local and international clients in Asia for over 20 years.
"As a business we feel that mainland China presents significant opportunities for us and for our clients," said Appleby's Global Group Managing Partner, Michael O'Connell. "We already have a solid base in Hong Kong and we are keen to build on this.
"We have over two decades of experience operating in Asia. It is a well trodden path for us. This tells us that the key to being successful in China lies in winning confidence and building solid relationships with our clients there. Having a physical presence near these clients is key to the next stage of our development. We have chosen Shanghai because it is the commercial and financial centre of mainland China."
Farah Ballands, Global Head of Fiduciary and Administration Services at Appleby said: "This is a really exciting move for us. By 2025 Shanghai is predicted to be one of the largest world financial centres. Having a presence here will not only allow us to expand our business but it means we will be able to continue to offer a first class service to our existing clients, many of whom are interested in China as a fast growth, dynamic centre."
Appleby's Hong Kong Office Managing Partner, Frances Woo, commented: "Having a base in Shanghai will add significantly to our existing services offered out of Hong Kong. The Appleby team in Hong Kong already plays a vital role in developing existing relationships in China as well as forging new local and international relationships."
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