Singapore, Singapore-based global business services platform Ascentium has announced the acquisition of ZICO Holdings, a corporate services provider specialising in secretarial services, trust administration, and regulatory compliance across Southeast Asia.
Under the deal, ZICO’s corporate services will be integrated with Ascentium’s existing operations in Singapore, Malaysia, and the Philippines, along with its corporate and trust/trustee business in Labuan, Malaysia.
The acquisition is part of Ascentium’s broader expansion plan across key markets in Southeast Asia.
“With more than 30 years of operational excellence, deep regional experience, and a portfolio of premium clients, ZICO strengthens our capabilities and enhances our regional footprint,” Ascentium said in a statement released Thursday.
The acquisition marks the latest milestone in Ascentium’s rapid expansion across Asia-Pacific. In recent years, the company has completed a series of strategic acquisitions, including Links International (HR outsourcing technology firm) and Harneys Fiduciary (corporate trust and services provider with offices in Singapore, Hong Kong, and Shanghai). In 2024, it also acquired InCorp Global, a corporate services and business advisory provider, with full integration expected by 2026. 
Ascentium co-founder and CEO Lennard Yong said the deal represents “an important step forward in our Southeast Asia growth strategy and a milestone in building a leadership team with unrivalled regional expertise.” He added that ZICO’s entrepreneurial culture, market knowledge, and premium clientele are a natural fit with Ascentium’s long-term goals.
Kelvin Ng, CEO of ZICO Holdings, described the transaction as a pivotal moment for the group. “We are confident that Ascentium’s leadership, platform, and global reach will open new opportunities for our people and clients, while delivering enhanced solutions across the region,” he said.
