Equiom has acquired Dutch trust and corporate services provider Borean Corporate & Financial Services BV.

The deal is the first step in Equiom’s plan to improve services for asset managers in Tier 1 jurisdictions. Financial terms of the deal were not revealed.

Working with private equity firms, Borean offers directorships, technical accounting as well as support services.

Borean managing director and founder Rob Harmzen said: “As the business has grown, it has become apparent that becoming part of a wider group will not only help to maintain these high standards but also provide more opportunities to our much valued clients.

“Becoming part of Equiom is the right choice for us and our clients. Our company values are directly aligned and our shared focus on providing tailored solutions to meet the individual needs of clients remains paramount.”

As part of the deal, Equiom has absorbed all Borean employees across accounting, legal, trust and tax backgrounds.

The Borean team will remain based at their existing central Amsterdam offices.

Borean’s Rob and Sander Harmzen will spearhead Equiom’s Netherlands operations in the role of joint managing directors.

Equiom CEO Mark Porter said: “The acquisition of Borean expands Equiom’s footprint in Europe and gives us a much desired base in the Netherlands.

“The team brings significant experience of corporate and trust services in addition to long-standing client relationships and strong connections with the local tax and legal community.”