Deals Of The Day: The Latest In Wealth Management M&A – ZEDRA

Amanda Cheesley

10 September 2023

ZEDRA
, a global specialist in corporate services and global expansion, active wealth and fund solutions, has acquired a second independent UK professional pension trustee firm, Caledonian Trustees Limited.

This acquisition, which follows those of Inside Pensions and PTL in 2021, will raise ZEDRA’s presence in the UK pension space, the firm said. Caledonian will sit alongside and report through PTL, until both are fully integrated within ZEDRA in the coming months.

Founded in 2006, Caledonian is a specialist provider of professional independent trustee and secretarial services to corporate pension and funeral plans.

Ivo Hemelraad, CEO, ZEDRA highlighted how the UK regulatory system has become increasingly complex over recent years, as have the demands of running a pension scheme. “This deal further cements our offering and capabilities and is in line with the strategic approach we are adopting in the UK market, and the pensions governance sector specifically,” she said.