Guernsey's Imperium Trust Acquires Saltire Trustees
by Mike Godfrey, Lowtax.net, Washington
16 May, 2014
Guernsey's Imperium Trust Company Limited has acquired local trust and corporate service business Saltire Trustees.
The acquisition was agreed in principle between the two parties earlier this year. Regulatory approval has now been obtained.
The integration of the business will in particular strengthen Imperium's family wealth management offerings. David Gilmour, Director of Imperium, said: "We have seen a steady increase in our client base since Imperium was established in 2011. Taking on the Saltire business will add further scale to our business as well as diversifying our range of corporate and private fiduciary structures. This agreement almost doubles the size of Imperium's business base. We have on-going plans for developing the company and this opportunity was a perfect strategic fit."
Jonathan Robbins, a Director of Saltire Trustees, will join the Imperium Board. He specialises in managing structures for high net worth clients and in corporate administration for listed or regulated companies. He has considerable experience providing administration services to natural resource companies listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
The Imperium team will be relocating to the Saltire offices in St Peter Port, Guernsey, in the coming weeks as part of the expansion.
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