KKR (KKR) announced the launch of Ascend Asia, a newly established financial advisory platform in Singapore. Concurrently, Ascend Asia, through funds managed by KKR, has entered into definitive agreements to acquire finexis advisory and its affiliates, marking finexis as the platform’s inaugural member firm. As a member firm of Ascend Asia, finexis will continue to operate under its own brand, with no changes to existing client relationships or agreements. Clients will continue to be served by the same financial consultants. The acquisition of finexis has received in-principle approval from the Monetary Authority of Singapore. The transaction is expected to close in the third quarter, subject to customary approvals.
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