Bermuda-based The Bank of N.T. Butterfield & Son (Butterfield) has completed the acquisition of Legis Group’s trust and corporate services business in Guernsey.
The acquisition was agreed in principle in January, subject to contract discussions as well as regulatory approvals which have now been obtained.
Go deeper with GlobalData
Butterfield in a statement said that the integration of the business will further strengthen its ability to meet the requirements of international families for complex, high-end fiduciary structures.
The acquisition will also widen Butterfield’s range of corporate and institutional trust services.
Bob Moore, executive vice president and head of group trust at Butterfield, said: "The acquisition of Legis Group’s Guernsey trust operation adds further scale to Butterfield’s international trust business.
"It will enhance the strong technical capabilities that already exist within our Group’s separately incorporated Trust companies in Bermuda, the Cayman Islands, Guernsey, New Zealand, Switzerland and The Bahamas by increasing our team of experienced trust professionals to build on the high quality service we offer."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
