Australia’s Easton Investments is expanding its presence in Southeast Asia with the acquisition of a 19.9% stake in Singapore-based AAM Advisory.
The transaction has been approved by the Monetary Authority of Singapore, and is expected to be completed in the near future. Easton is paying SGD1.2 million (US$970,000) in cash plus 781,250 ordinary shares of Easton stock, reports International Adviser.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Located on Robinson Road in the Singapore’s financial district, AAM Advisory employs about 19 advisors and another 31 in support staff, who look after approximately 1,500 mostly expatriate clients.
Matthew Dabbs, CEO of AAM Advisory, said: "The company’s executives and staff were "delighted" with the Easton investment in their business, which he said would benefit from the "greater resources" of its new, listed Australian partner."
Easton managing director, Campbell McComb, said: "AAM is a strong business in its own right, as well as being a fantastic complement to our existing businesses in the company’s Easton Wealth Asia subsidiary, through which it is acquiring AAM Advisory."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
