Suntera Global has today (16 May) acquired Carey Commercial (Carey), a boutique fund, corporate and private wealth services provider, subject to regulatory approval.
Carey, which has a team of 80 specialists, currently provides a broad range of professional, administrative and accounting services to a prestigious portfolio of fund managers, large institutions, UHNWs and family offices around the globe.
Carey's Corporate and Private Wealth offering complements and enhances Suntera's current Guernsey offering, the statement said.
Carey's fast-growing fund administration division provides a broad fund offering including full-service fund administration, directorship services, listing services, investor services, company secretarial and corporate governance, risk and compliance services and international reporting (FATCA & CRS), and adds Guernsey as a new tier one fund jurisdiction for the firm.
David Hudson, Group CEO, Suntera Global, said: "The addition of Carey, a high-quality business with an impressive, closely aligned team and a strong track record across all three divisions, to our strategically important and fast-growing Guernsey business is a great milestone.
"This acquisition forms part of our ongoing strategy of continuously developing our offering and capability to further enhance the services offered to our clients in each of our tier one jurisdictions."
Jim Gilligan, managing director, Carey, said: ‘‘We are excited to be joining Suntera Global and the opportunity to continue our growth journey by being part of a successful global business which provides a wider range of services and jurisdictions to our clients.
"The culture of Suntera has been evident through our discussions and it was key for Carey to be part of a group with an aligned culture. Suntera is also fully committed to high environmental, social and governance (ESG) standards, as are we, as well as adhering to the same ethics and responsible practices, which is the cornerstone of Carey."
