The combined business will operate as Saffery Trust (Cayman) Limited, the firm said in a statement.

Saffery Champness first established a Cayman offering in 2020. The acquisition of Holdun Trust, first announced in May 2022, will support the growth of Saffery Champness in the region.

As a result of the acquisition, directors Zoe Day and Fiona Pileta of Holdun Trust will join the firm, alongside newly-appointed senior business manager Laura Homer, the firm continued. They will provide fiduciary, trust and corporate services, strengthening the Cayman offering of Saffery Champness and deepening its expertise in the establishment and administration of Cayman Islands structures.

Following completion of the acquisition of Holdun Trust, Saffery Champness also announced the appointment of Andrew Needham as an independent director in Cayman. He brings more than three decades' experience of working with high and ultra-high net worth individuals and their families within both the trusts and banking industries, the firm said. He will work alongside the Saffery Champness Cayman team to help build the firm’s brand in the region, with his role focusing on client relationships and family office structures.

The Saffery Trust (Cayman) offering is led by Paul Tucknott, managing director of Saffery Champness in Geneva, and Lisa Vizia, director of Saffery Champness in Guernsey.