Global Loan Agency Services takes over Serica Trust & Agency

In Hong Kong, on January 5, 2025, Global Loan Agency Services (GLAS) announced the acquisition of Serica Trust & Agency, which is recognized as a premier loan agency and trustee services provider in Hong Kong and Singapore. This significant acquisition is GLAS's third strategic move in 2024, signifying its efforts to enhance its presence in the Asia-Pacific region and cater to a growing clientele in complex transactions. With the acquisition of Serica, GLAS aims to bolster its service capabilities, especially in the burgeoning markets of Hong Kong and China, thus expanding its geographical footprint and service delivery. As part of this deal, Louise Coffey, the Founder and Managing Director of Serica, will remain at the helm of the Serica business, ensuring continuity and leadership. Simultaneously, Rob Sandes will oversee operations in Hong Kong. The integration of Serica is seen as a pivotal move for GLAS to leverage local expertise combined with global resources. The newly formed team will collaborate closely with Watiga, another recent acquisition by GLAS, to formulate an aggressive growth strategy across the Asia-Pacific markets. GLAS has already been involved in high-profile restructuring efforts within the region, which include notable companies like Sino Ocean, Evergrande, and Sunac. The addition of Serica is expected to enhance GLAS's offerings and elevate the quality of its white-glove services to local and international clients alike. With over 60 employees now based in the Asia-Pacific due to this acquisition and previous integrations, GLAS is positioned to provide expanded products and services tailored to the region's unique market demands. Mia Drennan and Brian Carne, the Co-Founders of GLAS, expressed their enthusiasm about the acquisition, highlighting it as a key milestone alongside the recent acquisitions of Watiga in Singapore and Pristine in France. They emphasized the growth trajectory that their firm has witnessed and the importance of having dedicated teams in pivotal locations for delivering exceptional service, whether for local or cross-border transactions. This major acquisition is set against a backdrop of significant organic growth for the company, emphasizing its commitment to meeting client needs with enhanced service capability and global reach.