ZEDRA has continued its acquisition streak with the purchase of BNP Paribas Jersey Trust Corporation Limited following the receipt of regulatory approval from the Jersey Financial Services Commission.
In the past year, ZEDRA has made a series of acquisitions, including PTL, a leading UK independent pension trustee and governance services provider; Axelia Partners, a global expansion specialist in the US; and BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg, among others.
Jersey represents a core jurisdiction for ZEDRA, where the firm has its largest office, consisting of more than a hundred colleagues, offering a full range of services for corporates, private clients and fund promoters.
BNP Paribas Jersey Trust Corporation Limited has been offering personalised trustee and fiduciary services for over 30 years, and the deal follows ZEDRA’s acquisition of BNP Paribas Singapore Trust Corporation Limited in July 2020.
Steven Bowen, head of Channel Islands at ZEDRA, said: “This acquisition gives us a significant opportunity to broaden ZEDRA’s capabilities in the Channel Islands, adding to our fast-growing market position”.
Ivo Hemelraad, ZEDRA Chief Executive Officer, added: “ZEDRA is enjoying a successful and incredibly exciting year so far and the firm has the capacity to continue to grow exponentially, supported by our growing team of experts. We are delighted to complete the acquisition of BNP Paribas Jersey Trust Corporation Limited, a jurisdiction which we value immensely and have seen tremendous innovation over recent years”.
“We are looking forward to working closely with BNP Paribas as we continue to look for new opportunities to broaden our offering to current clients and tap into exciting new markets”, he said.
ZEDRA currently works with BNP Paribas Wealth Management as a partner for trust and wealth management services.
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