Phusjon Group and Stratiqa have decided to withdraw from the US market with immediate effect. While Stratiqa began as a US advisory firm, following the acquisition by Censere Group (now Phusjon Group) Stratiqa refocused on cross-border deals with a specific emphasis on US/Asia transactions. While the level of US business has continued, we have been unsuccessful in growing the US/Asia pipeline to a satisfactory level. Phusjon Group is heavily committed to Asia as a region and it does not make strategic sense to operate a standalone business in the US that we cannot integrate with our broader Asia Pacific operations.
Stratiqa will continue to operate in Asia as the advisory division of Phusjon Group and we look forward to growing our advisory services across Asia Pacific going forward. Stratiqa Hong Kong is now the head office for Stratiqa, with Singapore being our other point of presence.