SINGAPORE (Reuters) -IQ-EQ, a global investor services company backed by European private equity firm Astorg, said on Tuesday it is acquiring Singapore-based Gordian Capital – a deal it said would make it the leading funds platform business in Asia Pacific.
Gordian manages $17 billion in assets and also has offices in Tokyo, Hong Kong, Shanghai and Melbourne. It plans to expand in the Middle East, subject to approval from Dubai.
Financial details of the transaction, which has received regulatory approval and is expected to close shortly, were not disclosed.
The deal “allows us to offer our fund, corporate and family office clients globally a path to regulated market entry into Asia and over time, the Middle East,” Sridhar Nagarajan, who heads IQ-EQ’s business in Asia, the Middle East and Africa, said in a statement.
Asia is projected to contribute nearly 30% of new financial wealth globally by 2028, from 17% in 2023, according to Boston Consulting Group’s Global Wealth Report 2024.
The business will be rebranded under the IQ-EQ brand in the second quarter of 2026.
(Reporting by Yantoultra Ngui; Editing by Edwina Gibbs)
