Serica and Watiga unified under GLAS brand

London (3 MARCH 2025)

Global Loan Agency Services (“GLAS”) is pleased to formally announce the integration of Serica Trust & Agency and Watiga under the GLAS brand.

GLAS, the premier independent provider of institutional debt administration services, successfully acquired both Hong Kong and Singapore-based Serica, and Singapore-based Watiga in late 2024.

Following the acquisitions, the three organisations have been working closely to integrate their operating systems and align their service offerings, laying the foundation for a cohesive, global approach to delivering loan agency, debt administration and trustee services to a combined global client base under the GLAS brand.

For existing clients of Serica and Watiga, it will be business as usual. They will continue to benefit from the excellent service levels and deep local expertise for which both organisations are already known for, in addition to the broader support system and comprehensive, bespoke technology services provided by the GLAS global network.

The integration marks an important milestone on GLAS’ strategic roadmap, as the organisation makes a significant step towards its global vision of becoming the world’s leading agent and trustee in all major financial markets.

GLAS Founders, Mia Drennan and Brian Carne, said:

“We have built GLAS to be recognised as a strong global brand in servicing institutional debt round the globe. We all felt that unifying Watiga and Serica under the GLAS brand would enable us to ensure our clients benefitted from our wide range of services across our platform and allow us to embed our culture in our new teams. GLAS APAC now has over +70 professionals across the region who are ready and able to support our clients!”

Watiga Founder and Managing Director, Matt Richards, commented:

“We are excited about building upon a consolidated and focused brand presence in APAC, by rolling up the Watiga and Serica brands into GLAS. Collectively our brands stand for quality, high-touch and independence, which results in value-added service outcomes for clients.”

Serica Founder and Managing Director, Louise Coffey, commented:

“Combining the Watiga and Serica businesses into the GLAS global brand is a positive step towards our overall goal of developing a fully integrated service model delivered seamlessly to clients from GLAS’s offices in Singapore, Hong Kong and Australia.”

About GLAS

GLAS was established in 2011 and is the premier independent, non-creditor, conflict-free provider of institutional debt administration services covering the global private and public credit markets.

GLAS, which services more than US$500bn of assets under administration, is headquartered in London and has operations in the US, France, Germany, Spain, the UAE, Hong Kong, Singapore and Australia. Following this integration, more detailed information on GLAS’ extensive service offering and expertise in Asia can be found here.

For more information, please contact media@glas.agency.