Accountants and business advisers HLB Mann Judd has launched a business to target Asian investors looking for opportunities in Australia and New Zealand as well as domestic business seeking to expand into the Asian region.
The business, HLB Mann Judd Chew, has been established as a member firm of the HLB Mann Judd Australasian Association and will partner with existing HLB Mann Judd firms in Australasia as well as HLB firms throughout Asia.
Tony Fittler, Chairman of the HLB Mann Judd Australasian Association, said there are a growing number of Asian investors looking for opportunities in Australasia, as well as Australian and New Zealand businesses seeking to expand into the Asian region as part of the increasing strength of China and other Asian countries as well as the specific opportunities offered by Free Trade Agreements.
“We are working with more and more companies and investors that want to get involved in the increasing opportunities in other countries, but struggle to find the best way to do so, including gaining a deep understanding of industry and business differences as well as dealing with the cultural and compliance issues of unfamiliar jurisdictions.
“Setting up a business specifically designed to meet these needs and those of businesses and family groups seeking expansion, in partnership with an experienced and expert adviser, is a logical step for us.
“We believe that setting up a specialist firm that is an entity in its own right, rather than part of the accounting practice, allows focus on building a dedicated and knowledgeable team to service a client base with specific needs,” Mr Fittler said.
The Managing Partner of the new business, Kim Chew, said he will be building on HLB Mann Judd’s existing relationships with Asian investors and Australian businesses to assist with a range of services including business and property acquisitions, asset management, migration and wealth management, and taxation, compliance and audit.
“Our aim is to be a one-stop-shop for our clients throughout the Asia-Pacific region. To be ‘Asian Business Partners’ providing strategic advice for Asian investors including multi-national corporations, private equity companies, and family offices and high net worth individuals,” Mr Chew said.
“We are building an ‘Asia-capable’ team to assist Asian and local clients, and have recently appointed a Head of Korea Practice to focus on the opportunities that we are already working on in South Korea.
“For instance, one of our existing clients is Korean Gas (KOGAS), a South Korean public natural gas company that is currently involved in two of the largest LNG projects in Australia. We are their lead adviser on aspects such as tax and compliance.
“Australia and New Zealand have seen a significant increase in Asian investment in recent years. These investors are often large family groups interested in property, agriculture and resources who want an independent advisor to help find the right asset is crucial.
“We can help bring parties together and put in place the structures and compliance arrangements required, depending on particular circumstances and needs,” Mr Chew said.
For more information please contact:
Phone: 02 9020 4094
Phone: 04 3422 0771