Tricor Group’s CEO Lennard Yong on Riding the Firm’s USD2.8 Billion Wave into the Future

In November last year, corporate and business services company Tricor Group, was acquired by funds affiliated with Baring Private Equity Asia, none of Asia’s largest private alternative investment firms. The seller was Permira, the global private equity firm that itself took control of Tricor in 2017. The latest deal values Tricor at a whopping USD2.76 billion, testament to the dramatic growth achieved in the past several years. Lennard Yong is CEO of Tricor Group, having assumed that role in January 2018. In this role, he is responsible for the group’s strategy and commercial operations of Tricor that today spans 21 markets with more than 2,600 employees, mainly in Asia Pacific, as well as in London and with offices across many offshore centres. He also oversaw the BPEA acquisition from start to finish. Hubbis ‘met’ with him in December to learn more of Tricor’s current activities and plans in Asia, to hear how Permira in the past five years had been an outstanding partner in helping Tricor’s significant achievements, to hear how he and his teams are now working with BPEA on the next phases of growth, and to hear how he manages to keep up some of his hobbies and family life despite the pressures of the pandemic and the sale to BPEA.