Name

Zico Holdings

Legal name

ZICO Holdings Inc.

Website

https://zicoholdings.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Capital Markets & Wealth Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Professional, Scientific, and Technical Services (541), Management of Companies and Enterprises (55)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Family Office Administration & Operations (Accounting, Reporting, Payroll) (FSAAADAD)

Keywords

• Corporate finance advisory
• Capital markets advisory
• Wealth management services
• Asset management services
• Shariah advisory services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Advisory Services: Collaboration with highly experienced advisors who are leading experts across a wide range of functions and industries.
2. Asset Management: Manager and advisor of private and financial assets for high-net-worth individuals, businessmen, and entrepreneurs.
3. Corporate Finance: Specialised, independent provider of corporate finance and capital markets advisory for private and public-listed companies in Singapore, Malaysia, and across Southeast Asia.
4. Insource Services: Insourcing and consultancy services in advising commercial transactions, human capital, and corporate communication.
5. Intellectual Property Services: Sophisticated local insight combined with forward thinking commercial acumen across Southeast Asia.
6. Shariah Advisory: Full suite of services ranging from Islamic finance to Shariah family matters.
7. Trust Services: Seamless counsel across Singapore and Malaysia for complex, high value estate matters as well as trust and advisory related solutions.
8. Legal Services (ZICO Law): Legal services arm with access to ZICO's regional offices and multidisciplinary services spanning the ASEAN region.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

ZICO Holdings operates an integrated ASEAN platform for Capital, Trusts, Assets and Wealth Management, delivering multidisciplinary professional services across Singapore, Malaysia, and the wider Southeast Asian region. The Group offers advisory, asset management, corporate finance and capital markets advisory, insource consultancy, intellectual property services, Shariah advisory, trust services, legal services, and share registration through its wholly owned subsidiaries. Following its August 2025 divestment of the Corporate Services business to Ascentium, the Group has focused on its core regulated businesses serving family offices, institutional investors, corporations, and high-net-worth individuals.

Product overview

Zico Holdings Inc. is an integrated ASEAN platform for capital, assets, and wealth management providing multidisciplinary professional services. Listed on the Catalist Board of the Singapore Exchange since 11 November 2014, the company operates a portfolio of service offerings including Advisory, Asset Management, Corporate Finance (ZICO Capital), Insource (HR consultancy), Intellectual Property (ZICO IP), Shariah advisory, Trust services, and legal services (ZICO Law). The company also includes ZICO Evolve Capital for growth-stage company advisory and B.A.C.S. Private Limited for share registration. In August 2025, ZICO divested its Corporate Services businesses to Ascentium to sharpen focus on core regulated businesses.

Differentiator

Problem solved

Functional benefit

Brands

• ZICO Advisory: Advisory services with highly experienced advisors who are leading experts across a wide range of functions and industries.
• ZICO Asset Management
• ZICO Capital
• ZICO Insource
• ZICO IP
• ZICO Shariah
• ZICO Trust
• ZICO Law
• ZICO Evolve Capital

Products and services

• ZICO Advisory Collaborates with highly experienced advisors who are leading experts across a wide range of functions and industries, providing strategic advisory services to clients.
• ZICO Asset Management Manager and advisor of private and financial assets for high-net-worth individuals, businessmen, and entrepreneurs across ASEAN.
• ZICO Capital (Corporate Finance) Specialised, independent provider of corporate finance and capital markets advisory for private and public-listed companies in Singapore, Malaysia, and across Southeast Asia, including IPO sponsorship on Catalist.
• ZICO Insource Provides insourcing and consultancy services advising on commercial transactions, human capital, and corporate communication across ASEAN, including Thailand.
• ZICO Intellectual Property (IP) Offers sophisticated local insight combined with forward-thinking commercial acumen across Southeast Asia for intellectual property matters.
• ZICO Shariah Leading Shariah advisory service provider offering a full suite of services ranging from Islamic finance to Shariah family matters.
• ZICO Trust Provides seamless counsel across Singapore and Malaysia to handle complex, high-value estate matters as well as trust and advisory related solutions.
• ZICO Law Legal services arm of ZICO Holdings with access to regional offices and multidisciplinary services spanning across the ASEAN region.
• ZICO Evolve Capital Serves as Approved Adviser for LEAP Market listings on Bursa Malaysia and provides financial advisory services for companies seeking growth through capital markets.
• B.A.C.S. Private Limited The most established share registration company in Singapore, providing investor relations services.

Quantifiable outcome

• Successful lease renewal enabling Al-'Aqar to continue leasing healthcare properties to KPJ Group for up to 15 years
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

42 partnerships are on record, tiered major, core, strategic and minor.

• AscentiummajorOthers · 21 August 2025ZICO Holdings completed the divestment of its Corporate Services businesses in Singapore, Malaysia, the Philippines, and Labuan (including Trust & Trustee Services) to Ascentium, a leading global business services platform headquartered in Singapore. This strategic transaction allows ZICO to sharpen focus on its core regulated businesses while Ascentium expands its footprint across Asia Pacific.
• AscentiummajorOthers · 21 August 2025Ascentium, headquartered in Singapore with 2,300+ professionals across 44 cities in 22 markets, acquired ZICO's Corporate Services business. The deal enables ZICO's corporate services team to serve a broader client base with greater capabilities under Ascentium's global platform.
• Datuk Kelvin Ng (Group CEO, ZICO Holdings)coreOthersGroup Chief Executive Officer leading ZICO Holdings' strategic direction, emphasizing focus on regulated core businesses in wealth management, trust, capital markets, and corporate finance across ASEAN markets.
• SGX GroupcoreStrategic or Co-development PartnerZICO Capital partnered with SGX Group for MetaOptics' landmark Catalist listing. Ongoing collaboration including annual flagship seminars on capital markets revitalization in Singapore.
• Baker Tilly SingaporestrategicImplementation/ SI/ Consulting PartnerCollaborated on Leong Guan Holdings' Catalist listing, providing audit and financial advisory services alongside ZICO Capital.
• Chancery Corporate SolutionsminorImplementation/ SI/ Consulting PartnerPartnered on Leong Guan Holdings' Catalist listing for corporate services support.
• Bird & Bird ATMDminorImplementation/ SI/ Consulting PartnerLegal counsel partner for Leong Guan Holdings' Catalist listing.
• Rajah & Tann AsiacoreStrategic or Co-development PartnerAnnual co-organiser of flagship seminars including 'The Road to Listing in Singapore and Beyond' and 'Revitalising Capital Markets: The Future of Capital Fund Raising in Singapore'. Deep collaboration on capital markets thought leadership.
• Baker Tilly SingaporecoreStrategic or Co-development PartnerLong-standing co-organiser of capital markets seminars with ZICO Capital, including annual flagship events on Singapore listings.
• JTC CorporationminorGTM or Marketing PartnerPartnered with ZICO Capital on MetaOptics' Catalist listing and ecosystem events.
• Enterprise SingaporeminorGTM or Marketing PartnerEcosystem partner supporting MetaOptics' listing and Singapore's startup/scaleup ecosystem.
• Monash University MalaysiaminorStrategic or Co-development PartnerZICO Advisory collaborated with Monash University Malaysia for 'Asian Business System: Expanding In Asia' sharing session for Masters students on M&A and cross-border expansion insights.
• SGX GroupcoreStrategic or Co-development PartnerCo-organiser with ZICO Capital of capital markets sharing sessions, bringing together leaders from Singapore and Malaysia to discuss listing opportunities.
• PCCC (Penang Chinese Chamber of Commerce)minorGTM or Marketing PartnerCo-organiser of capital markets sharing session at Tan Kok Ping Hall, Penang.
• Tan Sri Dr. Nik Norzrul Thani Nik Hassan Thani (ZICO Advisory Chairman)coreOthersChairman of ZICO Advisory moderating fireside chat on M&As and Capital Markets: Trends and Developments at 10th Anniversary celebration.
• RHB Banking GroupstrategicStrategic or Co-development PartnerDato' Fad'l Mohamed, Managing Director, Group Wholesale Banking represented RHB at ZICO's 10th Anniversary fireside chat on M&As and capital markets.
• Permodalan Nasional Berhad (PNB)strategicStrategic or Co-development PartnerShahin Jammal, Group Head, Strategic Investments participated in ZICO's 10th Anniversary fireside chat on capital markets.
• Intermediate Capital Group (ICG)strategicStrategic or Co-development PartnerEscamillo Lin, Managing Director and CEO (Singapore) participated in ZICO's 10th Anniversary discussion on Southeast Asia investment landscape.
• Bursa MalaysiacoreStrategic or Co-development PartnerTan Sri Abdul Wahid Omar delivered closing remarks at ZICO's 10th Anniversary, sharing perspectives on Bursa Malaysia's purpose and future of capital markets.
• Evolve Capital AdvisorystrategicStrategic or Co-development PartnerJerry Chua, Managing Partner & CEO represented Evolve Capital (also known as 晋化资本) in ZICO's 10th Anniversary panel on M&As.
• Convene ESGminorStrategic or Co-development PartnerZICO Insource partnered with Convene ESG to host 'What's next for ESG reporting in Singapore?' event with over 30 participants discussing SGX reporting requirements.
• Thailand Board of Investment (BOI)strategicStrategic or Co-development PartnerZICO Insource attended 'Ignite Thailand: Invest in Endless Opportunities' event hosted by BOI where PM Paetongtarn Shinawatra reaffirmed Thailand's investment commitment.
• HR Forward CommunityminorStrategic or Co-development PartnerZICO Insource Thailand collaborated with HR Forward Community for seminars on employment law, PDPA compliance, and green procurement in Thailand.
• Elabram Recruitment ThailandminorStrategic or Co-development PartnerCo-organiser with ZICO Insource of HR Forward Community Thailand seminar on employment law and PDPA.
• Eastern Economic Corridor of Innovation (EECi)minorStrategic or Co-development PartnerRepresentatives from EECi joined ZICO Insource's HR Forward Community Thailand event to share initiatives and developments.
• EGN ThailandminorGTM or Marketing PartnerNetworking group partner for HR Forward Community Thailand event on green procurement.
• MATRADEminorGTM or Marketing PartnerMalaysia External Trade Development Corporation partnered with ZICO Insource for MATRADE PERNAS Event on franchise expansion opportunities.
• Malaysia-Thai Chamber of Commerce (MTCC)minorGTM or Marketing PartnerZICO Insource partnered with MTCC for Kopi & Connect @ THAIFEX 2026 and Malaysia National Day Celebration in Bangkok.
• The Malaysian-Thai Chambers of CommerceminorGTM or Marketing PartnerCo-organiser with ZICO Insource of Malaysia's 68th National Day celebration in Bangkok, Thailand.
• Novus Corporate FinanceminorStrategic or Co-development PartnerCo-host with SGX Group and ZICO Capital of 'Investor Access Redefined' event for SGX listed issuers and listing aspirants.
• MyStartrminorGTM or Marketing PartnerZICO Evolve Capital invited by MyStartr to share insights on LEAP Market listing process for high-growth SMEs.
• ARC GroupminorGTM or Marketing PartnerZICO Evolve Capital participated in Capital Markets and M&A Forum 2026 organised by ARC Group at EQ Kuala Lumpur.
• AngelCentralminorStrategic or Co-development PartnerZICO co-hosted AngelCentral Deep Dive Series workshop on SGX listing with SGX Group, bringing together founders and investors.
• Climate Governance MalaysiaminorStrategic or Co-development PartnerZICO Insource attended National Climate Governance Summit 2025 organized by Climate Governance Malaysia at Sasana Kijang, Bank Negara Malaysia.
• University MalayaminorStrategic or Co-development PartnerZICO Evolve Capital sponsored Financial Industry Profession Challenge organized by Finance Association of University Malaya, with director Ted Low serving as judge and workshop conductor.
• Thailand Department of Intellectual PropertystrategicStrategic or Co-development PartnerZICO IP participated in Destruction Ceremony of IP Infringing Goods 2025 chaired by Minister of Commerce, supporting Thailand's IP enforcement and TRIPs Agreement obligations.
• Department of Intellectual Property Thailand (DIP)strategicStrategic or Co-development PartnerZICO IP met with DIP Thailand on 10 and 13 January 2025 for strategic engagement setting collaborative tone for the year ahead.
• EldexminorGTM or Marketing PartnerZICO Capital was co-organiser of Eldex Asia 2023 on investing in an age-forward economy at Suntec Convention Centre.
• Singapore Trustee Association (STA)minorStrategic or Co-development PartnerZICO Trust (S) Ltd was proud co-sponsor of STA Conference 2023 on trustees' responsibilities at Marina Bay Sands.
• Damansara REIT Managers Sdn BhdstrategicStrategic or Co-development PartnerZICO Capital appointed as Independent Adviser to advise non-interested directors and unitholders on Proposed Lease Renewal for Al-'Aqar healthcare properties.
• Baker TillystrategicImplementation/ SI/ Consulting PartnerCo-organiser with ZICO Capital and SGX of IPO: Defining Growth seminar for listing readiness.
• SGX GroupcoreStrategic or Co-development PartnerLong-standing strategic partner for IPO events, listing support, and annual flagship seminars on capital markets.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• KPMG Singapore: Big Four professional services firm offering advisory, tax, and audit services across ASEAN. Broader incumbent competitor with overlapping corporate finance and advisory practices, but not specialised to ZICO's mid-market capital markets niche.
• Deloitte Southeast Asia: Big Four firm with extensive corporate finance advisory and consulting capabilities across ASEAN. Competes with ZICO on M&A advisory and capital markets engagements, but as part of a much broader service portfolio.
• Ernst & Young (EY): Global Big Four firm with corporate finance advisory, transaction advisory, and wealth management practices across ASEAN. Overlaps with ZICO across multiple service lines but operates at substantially larger scale.

Direct peers

• Houlihan Lokey: Global investment bank specialising in M&A, capital markets, and financial restructuring advisory. Comparable to ZICO Capital and ZICO Evolve Capital for mid-cap advisory and capital markets transactions across Asia-Pacific.
• Kroll: Global financial advisory, corporate finance, and capital markets advisory firm with significant Asia-Pacific presence. Directly comparable to ZICO in offering independent advisory, fairness opinions, and corporate finance services to mid-cap and cross-border clients.
• Baker Tilly: Global advisory and accounting network with strong Singapore and Malaysia presence. Directly competes with ZICO in capital markets advisory, IPO readiness, and works alongside ZICO as a co-advisor on regional listings.
• Lazard: Global financial advisory and asset management firm with strong Asian presence. Overlaps with ZICO in M&A advisory, capital markets advisory, and asset management for family offices and HNWIs in Singapore and Malaysia.
• Rothschild & Co: Independent global financial advisory firm providing M&A, capital markets, and wealth management services. Comparable to ZICO for its independent advisory positioning and cross-border corporate finance mandates across Asia.

Regional players

• CIMB Investment Bank: Leading Malaysian investment bank and one of ASEAN's largest, with deep capital markets, M&A advisory, and equity capital markets practices. Competes with ZICO Evolve Capital in Malaysian IPO and corporate finance mandates.
• Maybank Investment Bank: Malaysia's largest investment bank, offering full-service corporate finance, capital markets, and advisory. Comparable regional competitor in Malaysian listings and Shariah-compliant capital markets activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zico-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zico Holdings