IFG Trust and Corporate Group has finalised its acquisition of Jersey’s Moore Group, following approval from the Jersey Financial Services Commission and in advance of a “major rebrand” - due to be unveiled in February - that will see the former firm become a corporate service provider independent of the IFG name.

The firm, which separated from IFG Group in July 2011, said the acquisition reinforces its existence in the international fund sector and expands its footprint to the Far East. Meanwhile, Moore Group will continue as a subset of the new brand, retaining its own name and trademark.

“The deal is a great fit for both parties and illustrates the strong consolidation trend that is sweeping international fund administration,” Mike Jewell, a partner at Cavendish Corporate Finance, said when the deal was announced in November.

He added: “Bigger players continue to hunt for more specialist operators, which have particular skills sets and dedicated client bases, to bolster their revenues and expand their geographic and service offerings as well as benefit from economies of scale in areas such as technology infrastructure and compliance.”

IFG Trust and Corporate Group provides trust and corporate services, fund administration and services to the leisure industry in multiple jurisdictions including Jersey, the Isle of Man, Cyprus, Switzerland and the Republic of Ireland.

Moore Group provides fund administration, fund management and corporate services. It was launched in 1996 by Ian Moore, who will continue to work with the group as executive chairman. The firm manages and administers some $17 billion in assets and also has a presence in Tokyo and Bermuda.