HONG KONG--(BUSINESS WIRE)--Tricor Group (Tricor), Asia’s leading provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, today announced the appointment of Michael Shue in Hong Kong as Managing Director of Trust Services.
Reporting to Hong Kong CEO Joe Wan, Michael will be responsible for leading and growing Tricor’s trust services practice in Hong Kong. Tricor’s trust services include setting up various forms of trusts, providing trust administration and acting as trustee for selected trusts.
Prior to joining Tricor, Michael served as the executive director of a major trust company where he advised on the structuring, establishment and ongoing administration of onshore and offshore trusts as well as estate and family succession plans, family office governance, pre-IPO trusts, employee benefit trusts and employee share option plans. He has extensive experience with multiple onshore and offshore trust jurisdictions, including Hong Kong, Singapore, British Virgin Islands, Cayman, Jersey, Guernsey, Labuan, New Zealand and Samoa, as well as different types of trust structures.
Joe Wan, CEO of Tricor Hong Kong, said: “We continue to strengthen our trust services practice with highly experienced practitioners to broaden the firm’s asset protection and wealth management capabilities. The addition of Michael marks a notable expansion of the practice’s expertise. With Michael’s distinguished experience administering various trust vehicles across multiple key jurisdictions, Tricor is well positioned to offer our clients sophisticated asset protection and integrated wealth management solutions.”
Michael is also a widely experienced lawyer who has successfully practised both in New Zealand and overseas for more than 30 years. A large part of Michael's legal practice involved corporate and trust structures to assist clients with asset protection, estate and family succession and tax planning.
Michael holds a New Zealand law degree and is a current executive committee member and past chairman (2015, 2016 and 2017) of the Hong Kong Trustees' Association. He is a past chairman, and currently a member, of the China Development Sub-Committee of the Hong Kong Trustees' Association jointly with STEP Hong Kong. He is also a member of the Hong Kong Trade Development Council Financial Services Advisory Committee and the Hong Kong Monetary Authority’s Process Review Committee. Michael is accredited by the Hong Kong Trustees’ Association as a Certified Trust Practitioner (CTP).
About Tricor Group
Tricor Group (Tricor) is the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, and corporate trust & debt services. Tricor provides the building blocks for, and catalyzes every stage of clients’ business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has over 50,000 clients globally, a staff strength of over 2,600 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 1,500 companies listed in Hong Kong and China, ~500 companies listed in Singapore and Malaysia, and more than 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets. In March 2017, the Permira Funds became the controlling shareholder of the Tricor Group, alongside management.