Isle of Man's Equiom Group Acquires Ardel Guernsey
by Jason Gorringe, Lowtax.net, London
12 March, 2015
Equiom Group, an Isle of Man-headquartered trust and corporate services provider, has acquired Ardel Trust Company (Guernsey) Limited.
Equiom first established itself in the Channel Islands in 2009 and focused on the aviation and marine sectors and later acquired Andium Trust Company Limited in September 2012. Since then, Equiom Group has grown from hiring 80 personnel to over 300 and has operations in five jurisdictions – the Isle of Man, Jersey, Guernsey, Malta, and Hong Kong.
Ardel was established in 1974 to offer a range of specialist trust and corporate services to private and corporate clients. Commenting on the company's acquisition, Sheila Dean, Equiom Group Managing Director, said: "This is our first acquisition in Guernsey and it supports a key strategic aim of the Group, which has been to increase our footprint in the Channel Islands. We believe that the team at Ardel has the same client service ethos as we do and we are pleased to welcome them to the Equiom Family. We will be working very closely with the senior team at Ardel to ensure that the integration is as seamless as possible for both clients and staff."
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