As part of an ongoing expansion, Falcon Trade Corporation (FTC) has announced the acquisition of Peter Frankl and Associates (Asia) (PFA), Singapore. Peter Frankl will assume the role of regional manager for Asia Pacific for Falcon, responsible for business development in the region.


Having left UFJ Bank in 2005, Frankl established PFA and in recent months had been in discussion with FTC with a view to a partnership. FTC, already present in China, identified PFA as a vehicle that they would require to form a regional hub to provide coverage for the Asia-Pacific region.
FTC chairman, Kamel Alzarka, says that he is delighted with the recent acquisition, adding that it sits well with the organic growth of the Falcon group of companies.