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Wealth Manager Buys Guernsey-Based Trust Service Provider
The wealth management firm will now be able to deliver structures for clients in the Cayman Island, New Zealand and the US.
Wealth management firm Equiom has acquired Virtus Trust
Group, a Guernsey-based trust service provider, as the firm
looks to expand its services globally.
Virtus has an international client base with operations in Cayman
Islands, New Zealand, UK and the US, where it has a US public
trustee licence in the state of South Dakota, it said in a
statement yesterday.
Twenty-five staff members from Virtus will join the Equiom team,
operating from the Guernsey office and the company will complete
the process of rebranding by June 2017.
“The acquisition of Virtus is a fantastic addition to Equiom. In
addition to increasing our foothold in Guernsey, we will now be
able to deliver structures for our clients in three brand new
jurisdictions: Cayman, New Zealand and the US,” said Sheila Dean,
global chief executive at Equiom.