View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
December 24, 2015updated 04 Apr 2017 1:32pm

Cainvest buys all shares of Intertrust Bank in Cayman Islands

Cainvest International Bank, a Cayman-based provider of private banking and investment products and services for HNW clients, has purchased all the shares of trust and corporate services provider Intertrust Bank (Cayman) from Intertrust Holding (Cayman).

By Verdict Staff

Cainvest International Bank, a Cayman-based provider of private banking and investment products and services for HNW clients, has purchased all the shares of trust and corporate services provider Intertrust Bank (Cayman) from Intertrust Holding (Cayman).

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Under the deal, Bank Cainvest has merged with Intertrust Bank creating Cainvest Bank and Trust, holder of a Category A banking licence.

Cainvest Bank and Trust will support Intertrust’s ‘representative banking’ business whereby clients need administrative and regulatory filing services in the Cayman Islands to ensure compliance with Cayman Islands Laws and regulatory requirements.

The deal will see Intertrust Bank’s existing staff joining Cainvest Bank and Trust. The acquisition and merger have received approval from the Cayman Islands Monetary Authority.

The transaction is part of Bank Cainvest’s strategy to boost its service-driven banking operations.

The Intertrust Bank team will now be led by Carmen Thompson-Lopez, chief manager of financial institutions. The financial terms of the deal have not been disclosed.

Cainvest Bank and Trust CFO Charles Aboulafia said: "The acquisition and merger with Intertrust Bank will generate many synergies with Bank Cainvest as both institutions are specialized in serving the global institutional market from the Cayman Islands."

Intertrust Holdings managing director Marije van der Lint said: "The transfer of these activities is in line with Intertrust’s focus on core activities of trust and corporate services, as well as fund administration."

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International