The latest mergers, acquisitions and other corporate actions in the wealth management sector.

ZEDRA
ZEDRA, a global specialist provider of corporate and global expansion, active wealth, pensions and incentives and fund services, has just made an investment in the Netherlands-based corporate service provider Alan & Luca.

Alan & Luca’s service offering includes financial, tax, HR and legal consultancy services which are provided to a wide range of companies with Dutch and international operations, the firm said in a statement.

As a result of this partnership, ZEDRA is welcoming Alan & Luca’s team of around 40 employees, including a leadership team of five experienced professionals, increasing the group’s headcount of industry experts across 17 jurisdictions throughout Asia, the Americas and Europe.

Quilter Cheviot Europe  
Quilter Cheviot Europe (QCE), an Irish subsidiary of wealth manager Quilter Cheviot, has just acquired Dublin-based investment advisory firm, GillenMarkets. 

GillenMarkets, which was founded fifteen years ago by Rory Gillen, advises over €0.6 billion ($0.67 billion) of assets for about 500 families. As part of the acquisition, the firm’s founder, five investment advisors and their support team will join QCE’s Dublin-based team.   

This new acquisition will help expand QCE’s presence in Ireland and continue to evolve its integrated investment management and financial planning offering for clients in Ireland and throughout Europe. QCE has grown its business very significantly since 2022. 

Vistra
Vistra, a provider of business services that help organisations invest, grow and operate efficiently and compliantly across the world, has just entered into an agreement to acquire iiPay, a specialist in cloud-based global payroll solutions. This acquisition will enhance the scale of Vistra's payroll capabilities in the mid-market and enterprise multi-country payroll space, the firm said in a statement.

Once completed, the business will process almost 10 million payslips annually and operate in over 170 markets, the firm said in a statement. To bring solutions to clients, Vistra will use both organisations' complementary capabilities: iiPay's outbound payroll expertise and capabilities in the US, Canada, Europe and Latin America, together with Vistra's in-country payroll and advisory capabilities across the Asia Pacific and EMEA regions.

iiPay's scalable, multi-country platform is driven by technology that automates and solves the complexities of managing global payroll, increasing time savings, reducing manual intervention, and enhancing the experience for clients' employees. Combining this technology with local payroll delivery through in-house payroll experts, and a partner network of in-country affiliates that understand local legislation and regulatory requirements, creates a compelling end-to-end scaled global payroll solution.

The expertise, skill, and mindset of the iiPay team have enabled it to build a strong client base, including well-recognised corporate customers, that use its payroll solution to support their international expansion, particularly where payroll complexities are high. For iiPay clients, the acquisition enables access to Vistra's expertise and products including multi-country entity management, tax, statutory accounting compliance, and HR advisory services.