Fund services provider ZEDRA has agreed to acquire Interben Trustees in Guernsey for an undisclosed sum.
Interben tends to multinationals by providing them trustee and administration services for international pension plans.
ZEDRA said that the deal enables it to make inroads into the institutional markets in Norway, Finland and Sweden for employee benefits services.
Interben CEO Nick Slinn said: “We are confident that our long standing international pension’s industry experience in the Nordic Market is a perfect fit with ZEDRA’s international employee benefits portfolio.”
As part of the deal, all Interben employees will move to the Guernsey office of ZEDRA.
The transaction is subject to regulatory nod.
ZEDRA group director of corporate, funds and legal, Ivo Hemelraad, said: “Guernsey is an important hub for us, from where we are able to offer global clients employee benefits, pensions and associated administrative services.
“Interben’s team bring a wealth of new experience and high level expertise and I am delighted to welcome Interben’s Guernsey team and clients of Interben Trustees to ZEDRA.”
Earlier this year, ZEDRA strengthened its Swiss footprint by launching a new office in Zug.