M and A
Deals Of The Day: The Latest In Wealth Management M&A – ZEDRA, LJ Fiduciary, Alvarium Private Office
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
ZEDRA, a global
specialist in corporate and global expansion, active wealth,
pensions and incentives services, and fund solutions, is
acquiring LJ Fiduciary and Alvarium Private Office with offices
in the Isle of Man, Geneva and the UK. The business is being
acquired from AITi Tiedemann Global, the multi-family office
group recently
created from a transatlantic merger.
The transaction, the terms of which were not disclosed, is
subject to regulatory approval. A total of 59 employees will join
ZEDRA, taking its total payroll to more than 1,000 in 16
countries spanning Asia, Oceania, the Americas, and Europe.
As a result of the acquisition, LJ Fiduciary and APO will be
rebranded and merged into the ZEDRA Group.
LJ Fiduciary’s and APO’s service offering includes global private
client and corporate administration services.
ZEDRA said this acquisition will enhance its strategy in the
active wealth and corporate services space.
