FGA Trust Appointed as ABC Bank's Eligible Introducer to Pioneer AI-Driven Wealth Corridor Between Asia and Africa
HONG KONG SAR - Media OutReach Newswire - 14 May 2025 - FGA Trust, a Hong Kong-based innovative licensed digital trust platform provides comprehensive fiduciary solutions, has been officially appointed as the Eligible Introducer of ABC Bank, an leading Mauritius financial institution with over a decade of regional expertise, marking a strategic leap to empower high-net-worth individuals(HNWIs) in tapping Africa's booming investment opportunities.
This appointment aligns with both parties' digital transformation roadmap, which combines the bank's African foothold with FGA Trust's AI-powered solutions to unlock high-growth opportunities for Asia's HNWIs in Africa's $3.4 trillion economy.
FGA Trust provides an AI-optimized solution to fasten the client onboarding application process, automating KYC and documentation process while ensuring full regulatory compliance.
Mauritius has been a strategic gateway for businesses to enter Africa, as it ranked among Africa's top three foreign direct investment destinations. The appointment offers structured access to offshore bank accounts, trust structure, multiple financing and investment channels, tailored for Asian and African HNWIs alike.
FGA Trust's AI-driven Wealth Corridor helps to bridge the Asian wealth with African growth via such an appointment, echoing the Belt and Road Initiative. It also merges FGA's expertise in Asia private wealth frameworks with ABC's on-ground insights into African jurisdictions.
Mr. Kavi Harilela, Director of FGA Trust, said: 'This appointment isn't just about bridging geographies—it's about rewriting the rules of engagement between Asian capital and African innovation. Africa's complexity demands more than ambition—it requires institutional trust. We would like to provide bank-grade custodianship and also build a foundation of compliance-by-design.'
By connecting FGA Trust's AI precision and fiduciary solutions with the ABC Bank's finance infrastructure, it is creating a frictionless pipeline for investments into Africa's digital leapfrogging, opening up more opportunities for global HNWIs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
14 hours ago
- The Sun
Malaysia–US tariff talks making good progress
KUALA LUMPUR: Malaysia's discussions with the United States (US) Trade Representative and the US Secretary of Commerce on ongoing tariff-related negotiations have made good progress, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz He said both Malaysia and US representatives have expressed their intention to finalise negotiations before the expiry of the 90-day pause on tariff implementation, and agreed to intensify efforts to reach an agreement acceptable to key stakeholders in both countries. In a statement today, he highlighted that the US has been one of Malaysia's top three export markets over the past decade. 'In May 2025, exports to the US recorded the eighth consecutive month of double-digit growth,' he said. A significant share of Malaysia's exports to the US supports and complements US domestic industries in sectors such as electrical and electronics (E&E), semiconductors, medical devices, machinery, equipment, and parts. Malaysia also serves as a key supplier of intermediate goods to US-based manufacturing industries. 'MITI has remained steadfast in upholding Malaysia's interests in all trade and investment relations, particularly in safeguarding the integrity of Malaysia's domestic commitments and sovereign rights,' he added. He further stated that MITI anticipates the negotiations will help secure Malaysia's supply chains and deliver positive spillovers to local businesses, especially small and medium enterprises (SMEs), while also creating more high-paying jobs for Malaysians. 'These efforts will further strengthen Malaysia's position as a preferred investment destination in the region and drive the MADANI economic transformation agenda towards becoming a high-tech, high-income nation,' said Tengku Zafrul. Tengku Zafrul led a working visit to Washington, US, from June 18-20, 2025. The visit focused on continuing US tariff-related engagement and negotiations with US Trade Representative Jamieson Greer and US Secretary of Commerce Howard Lutnick. He was accompanied by MITI's chief negotiator, the Deputy Chief of Mission from the Embassy of Malaysia, and MITI officials based in Washington.
New Straits Times
14 hours ago
- New Straits Times
Trade talks 'progress well', Malaysia and US aim to finalise before 90-day deadline
KUALA LUMPUR: Malaysia says its trade talks with the US in Washington DC are progressing well, about two weeks before the 90-day pause of the latter's unilateral tariff implementation expires. Malaysia said both parties had agreed to intensify efforts toward a mutually acceptable outcome for key stakeholders in the two countries. The country faces a 24 per cent tariff on certain exports to the US unless both sides reach an agreement before the 90-day pause ends on July 8. Investment, Trade and Industry Ministry today said its separate meetings with US Trade Representative ambassador Jamieson Greer and US Secretary of Commerce Howard Lutnick had made positive progress. "The Malaysian delegation led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz ensured that the meetings with the US Trade Representative and the US Secretary of Commerce was also optimised as a platform to enhance bilateral investment and trade ties between Malaysia and the US. "These will also form part of the expected outcome of the negotiations, which the ministry hopes will be finalised before the end of the 90-day pause on tariff implementation," it said in a statement. Tengku Zafrul, who led a working visit to Washington DC on June 18, said the negotiations are expected to boost Malaysia's supply chain resilience. He added that the outcomes could benefit local small and medium enterprises (SMEs) and generate more high-paying jobs for Malaysians. "All these will further strengthen Malaysia's position as a choice investment destination in the region, while driving the Madani economic transformation agenda towards a high-tech and higher-income nation," he added. Tengku Zafrul said Malaysia's exports to the US recorded their eighth straight month of double-digit growth in May 2025, with the US remaining one of the country's top three export destinations over the past decade. He noted that a significant portion of these exports supports US domestic industries, particularly in sectors like electrical and electronics, semiconductors, medical devices, machinery, equipment and components. "Malaysia has also been an important source of intermediate goods to US-based manufacturing industries. "The ministry has also remained steadfast in doing its utmost to uphold Malaysia's interests in all trade and investment relations with all trading partners, particularly in maintaining the integrity of Malaysia's domestic commitments and its sovereign rights," he said.
New Straits Times
15 hours ago
- New Straits Times
Trade talks 'progressing well', Malaysia and US aim to finalise by 90-day deadline
KUALA LUMPUR: Malaysia and the United States are aiming to finalise tariff negotiations before the 90-day pause on implementation expires, with both parties agreeing to intensify efforts toward a mutually acceptable outcome for key stakeholders in both countries. Investment, Trade and Industry Ministry today said its separate meetings with US Trade Representative ambassador Jamieson Greer and US Secretary of Commerce Howard Lutnick had made positive progress. "The Malaysian delegation led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz ensured that the meetings with the US Trade Representative and the US Secretary of Commerce was also optimised as a platform to enhance bilateral investment and trade ties between Malaysia and the US, while also. "These will also form part of the expected outcome of the negotiations, which Miti hopes will be finalised before the end of the 90-day pause on tariff implementation," it said in a statement. Tengku Zafrul, who led a working visit to Washington DC on June 18, said the negotiations are expected to boost Malaysia's supply chain resilience. He added that the outcomes could benefit local small and medium enterprises (SMEs) and generate more high-paying jobs for Malaysians. "All these will further strengthen Malaysia's position as a choice investment destination in the region, while driving the Madani economic transformation agenda towards a high-tech and higher-income nation," he added. Tengku Zafrul said Malaysia's exports to the US recorded their eighth straight month of double-digit growth in May 2025, with the US remaining one of the country's top three export destinations over the past decade. He noted that a significant portion of these exports supports US domestic industries, particularly in sectors like electrical and electronics (E&E), semiconductors, medical devices, machinery, equipment, and components. "Malaysia has also been an important source of intermediate goods to US-based manufacturing industries. "The ministry has also remained steadfast in doing its utmost to uphold Malaysia's interests in all trade and investment relations with all trading partners, particularly in maintaining the integrity of Malaysia's domestic commitments and its sovereign rights," he said.
