Ascentium, a global business services platform based in Singapore, has announced the acquisition of ZICO Holdings’ corporate services division, marking a significant expansion in Southeast Asia. This strategic move, revealed on 21 August 2025, includes operations in Singapore, Malaysia, the Philippines, and the introduction of services in Labuan. The acquisition aims to integrate ZICO’s expertise in corporate secretarial services, trust administration, and regulatory compliance into Ascentium’s existing framework.
The acquisition is set to enhance Ascentium’s service offerings across multiple markets, providing clients with a broader range of corporate and fiduciary solutions. This development follows Ascentium’s 2024 acquisition of InCorp Global, which is transitioning to the Ascentium brand by 2026. The company continues to focus on delivering technology-enabled business services across the Asia-Pacific region.
Lennard Yong, Group CEO of Ascentium, stated, “The acquisition marks an important advance in our Southeast Asia growth strategy and represents a crucial milestone towards building a leadership team with unmatched regional expertise.” Datuk Kelvin Ng, CEO of ZICO Holdings, expressed confidence in the transition, highlighting the potential for new opportunities under Ascentium’s leadership.
This acquisition underscores Ascentium’s commitment to expanding its footprint in Asia-Pacific, following previous acquisitions of Links International and Harneys Fiduciary. The integration of ZICO’s services is expected to bolster Ascentium’s position as a leader in corporate services, finance, and trust solutions across the region.
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