First Names Group, an Isle of Man-based trust, fund and corporate services provider, has entered into an agreement to acquire Jersey trust and corporate services provider Seymour Trust Company.
The acquisition marks as First Names seventh acquisition since its management buyout in July 2012 and major rebrand in early 2013.
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As part of the deal, Seymour’s trust and corporate services business will be merged into First Names’ Private Client Service Line.
The deal, which is subject to regulatory approval, is part of First Names Group’s expansion strategy to operate on a global scale via a network of strategically located offices catering the needs of individual clients.
Upon completion of the deal, the group will have more than 650 ‘First Names’ across 14 strategic locations and its Jersey office located at St Helier’s financial district will comprise nearly 150 ‘First Names’ when Seymour’s team of 30 move into 37 Esplanade.
Ben Newman, managing director of First Names (Jersey) said: "I am really pleased to welcome the Seymour team to First Names Group. The acquisition will significantly strengthen our Jersey operation and I am excited about driving the business forward with the management team."
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By GlobalDataFounded in 2007 by Jonathan Scott Warren and Andrew de la Haye, Seymour provides professional services for private client, corporate, and managed trust and family office clients.
