Select a region
Zedra has announced its intention to acquire BNP Paribas Jersey Trust Corporation Limited, subject to regulatory approval.
It follows Zedra's acquisition of BNP Paribas Singapore Trust Corporation Limited in July 2020, which has now been fully integrated and renamed Zedra Trustees (Singapore) Limited.
The business caters to the growing Asian ultra-high net worth and high net worth markets, with the majority of clientele consisting of families and entrepreneurs.
Steven Bowen, Head of Channel Islands at ZEDRA, commented: “This acquisition will give us a significant opportunity to broaden ZEDRA’s capabilities and expertise in the Channel Islands, adding to our fast-growing market position.
"BNP Paribas Jersey Trust Corporation Limited has a first-class staff base, which we look forward to welcoming into ZEDRA."
Following the latest acquisition, BNP Paribas Wealth Management will continue working with ZEDRA as a preferred partner for trust services, while continuing to provide wealth management services to its clients.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.