M and A
Butterfield Group Completes Acquisition
Butterfield Group has completed the acquisition of Legis Group’s Guernsey-based trust and corporate services business.
Butterfield
Group has completed the acquisition of Legis Group’s
Guernsey-based trust and corporate services business.
The acquisition was agreed in principle with Legis Group Holdings
in January, subject to contract discussions as well as regulatory
and other approvals which have now been obtained.
Based in Guernsey, Legis Group’s trust and corporate services
business provides trust and company administration services to
private clients and institutions.
The Bermuda-headquartered Butterfield Group already has trust and
fiduciary services on the channel island in addition to private
banking in the Caribbean, London and Switzerland.
“The acquisition of Legis Group’s Guernsey trust operation adds
further scale to Butterfield’s international trust business. It
will enhance the strong technical capabilities that already exist
within our group’s separately incorporated trust companies in
Bermuda, the Cayman Islands, Guernsey, New Zealand, Switzerland
and The Bahamas by increasing our team of experienced trust
professionals to build on the high quality service we offer,”
said Bob Moore, executive vice president and head of group trust
at Butterfield.
