Argyll Scott and REED are pleased to announce that Argyll Scott is acquiring the REED entities in Hong Kong, Kuala Lumpur and Singapore. Argyll Scott’s CEO, John Hunter, comments “As a part of our ambitious global growth plans, we are committed to significantly increasing our market share within the APAC region. Given our success in the region to date, we believe we are uniquely positioned to further develop REED’s businesses in Hong Kong, Kuala Lumpur and Singapore and, moreover, that there is clear operational and cultural fit between the Argyll Scott and REED businesses in these locations. By bringing these companies into the Argyll Scott fold, the enlarged Argyll Scott business will immediately attain a market leading positions in our hub offices in Hong Kong and Singapore. This will not only facilitate further growth in these offices but will also enable the enlarged group to accelerate plans to open new offices in other key commercial centres across the region.
We particularly welcome the addition of Kuala Lumpur to our office network as this has long been a key strategic market for some time. I look forward to working closely with our new APAC management team over the coming months to integrate the REED businesses as smoothly and as quickly as possible into the enlarged Argyll Scott group. I would like to take this opportunity to extend a warm welcome to all the REED employees who are joining us. We believe that the creation of an enlarged Argyll Scott group offers exciting and lucrative career opportunities for everyone within it.” Richard Post, CEO of REED states “I am delighted that our business in Singapore, Kuala Lumpur and Hong Kong will continue under the capable leadership of Argyll Scott, who I know live by and work to the same values as REED. For our part, we look forward to focusing further on our Asia business in Korea, where we have over a number of years built up a substantial presence in what is an exciting market”.
-ENDS-
Note to editors: For additional information, please contact: Lorna Maltby, Marketing Director lmaltby@argyllscott.com +44 (0)20 7936 1144 +44 (0)7557 093070
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