Oracle Capital Group Signs Strategic Partnership Agreement with Shanghai International Trust
LONDON and SHANGHAI, March 16, 2015 /PRNewswire/ --
Partnership enhances Oracle Capital Group's global reach through access to Chinese market.
Oracle Capital Group to help grow Shanghai International Trust's business through unique international network and product expertise.
Oracle Capital Group, the global independent multi-family office and wealth consultancy, today announced the establishment of a strategic partnership with Shanghai International Trust, the leading provider of global asset and wealth management solutions for Chinese high net worth individuals (HNWIs). The partnership will not only help Oracle Capital Group to expand its global presence by accessing the Chinese market; it will also provide products and services for one of China's most prestigious financial organisations.
Shanghai International Trust is one of the top trust companies in China, providing market-leading professional services, including comprehensive asset management, an investment banking service and a family office service for Chinese HNWIs. The company has received the highest credit rating among local financial institutions: Moody's Baa2; S&P BBB-. On a number of occasions, Shanghai International Trust has won financial innovation awards issued by the Shanghai Municipal Government.
Under this partnership agreement, Oracle Capital Group and Shanghai International Trust will work together on fund management activities for Chinese investors, including launching and managing private equity investment funds for both high net worth and ultra-high net worth individuals, as well as for institutional clients. Oracle Capital Group will also assist Shanghai International Trust by developing family office solutions including wealth consultancy, and bespoke financial and non-financial advisory services.
The partnership will also be focused on educating Chinese clients on the benefits of family office solutions, which are still new to China.
Commenting on the partnership, Martin Graham, Chairman of Oracle Capital Group, said:
"We are thrilled to announce this partnership with Shanghai International Trust, which significantly enhances our existing global presence. Our focus has always been on fast-growing markets and first generation HNW and UHNW entrepreneurs. Establishing a Chinese presence is a natural next step in our growth strategy. Shanghai International Trust will provide Oracle Capital Group with direct access to the Chinese market and a unique opportunity to take a market-leading position."
Commenting on the partnership, Mr Hua Cao, General Manager of SITCOAM HK, is the Hong Kong office of Shanghai International Trust, focusing on SITCO's global business, said:
"This is a very exciting development for Shanghai International Trust. Our target is to become a Global company, and working with a partner such as Oracle Capital Group is a good way to realise our dream. Using this platform, we can give our clients better information and asset management suggestions from the global market. So it is good news for our clients that they will be able to reach out to the world more easily. The partnership will allow us to obtain access to important international markets and, through Oracle Capital Group's hugely respected and comprehensive service offering, enable us to offer an unparalleled service to the Chinese market."
Notes to Editors
About Oracle Capital Group
Oracle Capital Group, a global independent multi-family office and wealth consultancy. Founded in 2002 and headquartered in Luxembourg, Oracle Capital Group provides comprehensive, tailored and confidential services for high-net-worth individuals and their families, including investment advisory (through their offices in Switzerland and the Bahamas), wealth structuring and asset protection, asset financing and insurance, legal case management, property development, and concierge services. Oracle Capital Group has 7 offices (London, Luxembourg, Geneva, Nassau, Moscow, Almaty and Limassol) and employs over 100 staff worldwide.
For more information please visit: http://www.orcap.co.uk
About Shanghai International Trust
Shanghai International Trust Co. is registered and located in Shanghai, China. The Company, once appointed by the State Council as one of the nation's top 10 examples of overseas financing, received the highest credit rating (Moody's Baa2, S&P BBB-) among local financial institutions. Moreover, it has been appointed as the first pilot entity for regulation compliance among non-banking financial institutions. It was elected as the Chair Institution of the Trust Branch affiliated to the Accounting Society of China. It launched and established the first trust asset registration institution of China, namely Shanghai Trust Registration Center, and was subsequently elected as the Chair. It is also elected as the director and Vice Chair Institution of the China Trustee Association. In recent years, the Company has won several awards from authoritative financial media, and several times its products and businesses have won the financial innovative awards issued by the Shanghai Municipal Government. Its wealth center was awarded "5-star Service Branch of Shanghai Financial Industry" and enjoyed wide acclaim.
For more information please visit: http://www.shanghaitrust.com/
Contact
Anton Davidenko
Head of Marketing Communications
Oracle Capital Group
Tel: +44(0)2077256953
anton.d@orcap.co.uk
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