Goal Group, the global fintech leader in withholding tax reclaims and securities class actions recoveries, today announces a new collaboration with HTK Connect Pte Ltd to provide its award-winning withholding tax reclaims and securities class actions recoveries services into the Japanese market.
HTK Connect is a specialist consultancy focused on supporting overseas firms in establishing and developing successful business relationships in Japan. The team in Tokyo will leverage its extensive network of senior contacts within financial institutions to open doors for Goal, helping the company to extend the reach of its securities services across the country.
Goal already supports the Japanese investment community indirectly through its work with the four ADR depositary banks in the US.
Stephen Everard, Chief Executive Officer at Goal Group comments: “HTK Connect is led by respected and well-connected figures in the financial services sector and is the perfect partner to help further our presence in Asia’s largest securities market. The market potential is exciting. For instance, our latest figures show that Japanese investors forfeit nearly a billion US dollars annually because withholding tax on their cross-border securities is simply not reclaimed. We can help investment intermediaries scale up this critical area of service provision immediately.
“We have a long and successful track record of expanding overseas and we never under-estimate the value of local representatives, local knowledge and local language. HTK Connect will deliver all this and more.”
Torsten Kaehlert, Co-Founder and Director at HTK Connect added: “We are delighted to start working with Goal Group who have an enviable global reputation for excellence across its two core business areas.
“Our experience tells us that there is substantial market demand for Goal’s highly automated, efficient and cost-effective solutions in withholding tax reclaims and securities class actions recoveries. We look forward to developing fruitful, long-term relationships with key Japanese securities institutions and helping them leverage Goal’s technology to unlock the full potential of their clients’ reclaims and recoveries.”
Goal’s worldwide client base includes major custodian banks, many of the top fund managers and all four US depositary banks. Clients can fully outsource their reclaims and recoveries to Goal, or they can take advantage of the company’s new suite of subscription-based digital applications and manage the process in-house. Both options provide the highest levels of data security, transparency, real-time reporting capability and process automation – along with the market’s most competitive pricing.