First Names Group, an independent trust, fund and corporate services provider, has completed its acquisition of Mercator in Guernsey.
Mercator is an independently owned business that provides professional services for private clients, corporate clients, fund services and managed trust companies.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Mercator’s trust and corporate services business will be integrated into First Names Group and its funds business will be incorporated into the Moore brand.
Mercator will begin operating under the new brands towards the middle of the year, First Names Group said.
First Names added that David Preston will continue as the managing director of the trust and corporate business, while director Mark Douglas will remain in charge of the fund services business.
David Preston, managing director of Mercator, said: "Mercator has built a strong reputation and is a natural fit for First Names Group, allowing the Group to gain market presence in Guernsey. I am delighted to be part of a much larger organisation and of the opportunities that will arise as a result."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMark Pesco, managing director of First Names in the Channel Islands, added: "Our expansion into Guernsey will really strengthen our offering in the Channel Islands and I could not think of a better match than Mercator."
