GLAS
6.3.2024 10:18:34 CET | Business Wire | Press release
Global Loan Agency Services Limited (“GLAS”) is delighted to announce it has signed an agreement for Watiga Trust and Watiga Asia (collectively, “Watiga”) to join the GLAS network.
The transaction, subject to regulatory approval in Singapore, will significantly enhance the capabilities of GLAS in the APAC region.
Watiga’s particular expertise in alternative assets and cross-border investments in Southeast Asia will be a valuable addition alongside GLAS’s market-leading offering in loan agency, capital markets, and restructuring.
Watiga
Watiga Trust is a Licensed Trust Company, regulated by MAS, and Approved Trustee for Collective Investment Schemes. Offering a range of tailored trust, fiduciary and custodian services, Watiga Trust is a member of the Singapore Institute of Banking and Finance, the Singapore Trustees Association, Singapore Venture and Private Capital Association, and the Asia Pacific Loan Market Association. Watiga Asia offers a full suite of fund, loan and company administration services and is a member of the Singapore Fund Administrators Association.
GLAS
GLAS has served the Asian market for several years, including roles in recent high-profile debt restructurings in China such as Evergrande and Sunac.
Watiga’s platform will allow GLAS to offer a broader suite of services, including those regulated by MAS, through an established team in Singapore. Additional investment will be made to expand the team’s local capabilities and ensure consistent client delivery globally, with GLAS’s existing APAC offices in Sydney, Melbourne and Brisbane providing additional operational support to Watiga.
GLAS Founders, Mia Drennan and Brian Carne, said:
“We are delighted to partner with Watiga as a highly respected, long-established business serving the Asian market. The shared ethos, client commitment and premium service delivery has been evident through our discussions, and the complementarity of service offerings will immediately add value for our combined client base.”
Watiga Founder and Managing Director, Matt Richards, commented:
“Watiga and GLAS operate with common values of excellence in client service and have deep industry expertise in their respective areas. The merger will allow us to best serve our combined client base and give our team opportunities for further professional growth. The transaction is a natural step for the business Kuan Lim and I founded in 2012 and ensures continuity for our clients. I look forward to continuing to lead the business with additional support and investment from GLAS.”
About GLAS
GLAS was established in 2011 and is the premier independent, non-creditor, conflict-free provider of loan administration and indenture trustee services. GLAS, which services more than US$360bn of assets under administration, is headquartered in London and has operations in the US, France, Germany, Spain and Australia. By integrating with Watiga, GLAS strengthens its position in Asia, with a team of over 30 experienced professionals in Singapore and a strong foundation for further investment and growth.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240306354876/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
IDWS 2026 Brings the World Together to Accelerate the Deployment of Water Solutions20.10.2026 12:38:00 CEST | Press release
Jeddah is preparing to host the fifth edition of the Innovation Driven Water Sustainability Conference (IDWS 2026) from 14 to 16 December 2026. The conference aims to accelerate the transition of water solutions from research and development to real-world deployment, while connecting innovators with investors and end users to strengthen water security, improve service efficiency, and enhance the sustainability of water resources worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261020192877/en/ Main session from IDWS 2025 (Photo: AETOSWire) The conference will bring together experts, researchers, innovators, investors, and representatives of water-sector organisations from more than 140 countries. It will feature over 250 speakers and is expected to attract more than 10,000 participants, alongside an international exhibition showcasing more than 150 global brands. Eng. Tariq Al-Ghafari, Deputy president for innovatio
European Wealth Firms Build Private Markets Capability Faster Than They Communicate It, Peregrine Report Finds20.10.2026 10:15:00 CEST | Press release
Capability outpaces communication: 73% of the 30 firms show visible private markets engagement, yet only 40% have a dedicated landing page explaining it to clients Swiss private banks set the benchmark: 70% maintain dedicated private markets destinations, led by Julius Baer, UBP, Pictet and Lombard Odier Visibility is concentrated: five firms generate half of all wealth management media coverage, and alternatives just 7% Europe's leading wealth managers have built genuine private markets capability but most have yet to explain it to the clients they built it for, according to The Wealth 30, a new report from Peregrine Communications. The study analyses how 30 leading UK and European wealth managers and private banks position private markets. It concludes that communication, not product, is now the biggest barrier to differentiation in the wealth channel. Capability outpaces explanation 73% of the Wealth 30 engage in private markets yet only 40% operate a dedicated landing page explaini
Infobip and Yamaha Power Conversational Customer Engagement in Indonesia’s Automotive Sector20.10.2026 10:00:00 CEST | Press release
Global AI-first cloud communications platform Infobip strengthens its collaboration with Yamaha Indonesia Motor Manufacturing (YIMM) to transform customer engagement through WhatsApp-powered conversational experiences designed to drive stronger personalization and faster customer interactions. As Indonesia’s consumers increasingly adopt digital-first purchasing behaviors, Yamaha Indonesia is evolving how it connects with customers across the buying journey. Today’s motorcycle buyers often research products through Yamaha’s social media, websites, and video reviews on YouTube before visiting dealerships, raising expectations for brands to deliver fast, seamless, and highly personalized communication. For more than two years, Infobip has supported Yamaha Indonesia in building connected customer engagement strategies that integrate WhatsApp across the company’s wider digital ecosystem, including its websites, social media platforms, and customer touchpoints. The collaboration reflects the
BRG Survey Finds 71% of Competition Lawyers Say Global Antitrust Policies Grew More Fragmented over Past Year20.10.2026 09:00:00 CEST | Press release
BRG's inaugural Global Antitrust & Competition Report surveys 155 senior attorneys across 15 countries, mapping a new era of enforcement shaped by expanding priorities and mounting political stakes. Global antitrust enforcement is pulling apart along national lines, with 71% of senior competition attorneys reporting that policy became more fragmented across jurisdictions over the past 12 months, according to BRG’s inaugural Global Antitrust & Competition Report. Nearly four in five (78%) also cite cross-border antitrust requirements as a significant or recurring challenge. The report draws on a survey of 155 senior antitrust and competition attorneys across the U.S., Europe and Asia-Pacific (APAC) and in-depth interviews with 18 leading lawyers. It also finds that about 60% of respondents expect antitrust enforcement to expand in scope and intensity over the next 12 months. “Domestic politics and geopolitical considerations increasingly influence the application of competition law acro
Finsei Selects Thredd to Power New Debit Offering20.10.2026 09:00:00 CEST | Press release
Partnership brings scalable payment processing, digital wallet capabilities and advanced fraud controls to integrated business finance platform Thredd, the AI-first issuer processing platform, today announced a new partnership with Finsei, a London-based payments company, to power the processing infrastructure behind Finsei’s new Mastercard debit offering. The partnership reflects a shared focus on simplifying an increasingly complex payments environment. Businesses operating across markets often rely on multiple providers to manage accounts, payments, foreign exchange, cards and expenses. Finsei is designed to bring those capabilities together, while Thredd provides the underlying payment technology and infrastructure needed to deliver a secure, digital-first debit experience at scale. At launch, physical and virtual cards will be available, followed by both Apple Pay and Google Pay. “Businesses increasingly expect their financial tools to work together rather than operate as a collec
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom