GLAS Continues Global Expansion with Singapore Office

GLAS Continues Global Expansion with Singapore Office
15.08.2016 12:45 pm

GLAS Continues Global Expansion with Singapore Office

Financial , Infrastructure

GLAS, the independent provider of finance administration services, has launched in Asia, with Paul Wilden appointed to spearhead the Singapore-based operations. This move has been driven by the increased demand for alternative loan and paying agency, and escrow service providers as banks reduce their involvement in the market.

GLAS offers a wide range of administration services to lenders, borrowers, issuers and advisers across the loan and debt markets, specialising in complex deals including loan and bond restructurings. These services have been used by Atlas Iron, Consolidated Minerals and 3i Infotech limited since GLAS was established in Europe in 2011.

Paul Wilden commented: “The lack of independent agency services in Asia Pacific is impacting viable deals. Regulation and compliance hurdles are reducing the appetite of banks to operate in this area and as a consequence, firms are turning to nimble, independent agencies like GLAS. It has a uniquely commercial and proactive approach, offers a broad skill set from lawyers to operations, and its ability to get deals done sets it apart as the provider of choice. I’m very excited to help grow this side of the business in Asia Pacific, especially across Singapore, Hong Kong, and Indonesia.”

Paul has worked in Asia for 11 years. He moved with BNY Mellon to Asia from Europe in 2005 to head up the Corporate Trust office in the region. In 2011, Paul joined Standard Chartered Bank (SCB) as Head of its Corporate Agency and Trust business. He was responsible for both the incorporation and set up of three Trustee subsidiaries in Hong Kong, Malaysia and Singapore, together with the consolidation and creation of the Corporate Agency & Trust business. During his time at SCB, he was appointed to the Board of Directors of the three SCB Trustee subsidiary companies and also as Chairman of the Philippines Trust Co. Outside of these roles, Paul is also appointed as Vice Chairman of the International Capital Market Services Association.

Mia Drennan, CEO and co-founder, added: “His connections in the region, alongside his expertise at growing businesses, make Paul a perfect fit for Singapore and the clients we wish to serve. We’re at a very exciting period for GLAS. This is our third office opening of the year following the launch of our US and Australian operations and as demand for alternative providers continues, we hope to open more.”

Related News

Pico Advances Global Buildout Joining Japan Exchange Group Co-Location Ecosystem

Pico, the leading provider of technology services for the financial markets community, today... Read more »

Itiviti partners with ECS Fin to add SWIFT messaging to NYFIX Matching

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced a partnership with ECS Fin, provider of financial messaging services and... Read more »

Trulioo survey reveals demand for real-time ID verification within financial services to deliver both speed and security in account creation

More than three quarters (77%) of consumers claim that the account opening process can ‘make or break’ their relationship with a financial services brand. A new survey... Read more »

BBVA launches campaign inviting employees to join the fight against COVID-19

BBVA has launched a campaign for employees to do their part to help fight the COVID-19 pandemic. Employees who wish to do so, can join this cause through the campaign ‘Your... Read more »

VoxSmart receives £5.5m funding from NatWest to accelerate growth

VoxSmart, the global leader in communications surveillance technology for Financial Markets, today announces a strategic funding round of £5.5m ($7.2m) from NatWest. ... Read more »

How will lenders treat the financial symptoms of Covid19?

COULD the coronavirus pandemic spark a financial crisis similar to that which was seen in 2008? Tim Kirby, Group Commercial Director of the global fintech ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel