ZEDRA today (15 November) said it is to acquire LJ Fiduciary and Alvarium Private Office (APO), with offices in the Isle of Man, Geneva and the UK, subject to regulatory approval.
LJ Fiduciary and APO will be rebranded and merged into the existing ZEDRA Group.
LJ Fiduciary's and APO's service offering includes global private client and corporate administration services. This latest acquisition will enhance ZEDRA's strategy in the Active Wealth and corporate services space, reinforcing the ambition to be recognised as an international leader in Active Wealth, Corporate & Global Expansion, Funds Services and Pensions & Incentives.
ZEDRA will welcome 59 employees who have been providing trust, corporate, marine and aviation, and family office administration services through its offices in the Isle of Man, Geneva and London.
This brings ZEDRA's headcount to over 1,000 experts across 16 countries spanning Asia, Oceania, the Americas and Europe. It further said both organisations share the same core values of close client relationship management, assisting them with their personal interests, family requirements and business interests.
Their combined capabilities would "provide clients with access to a more diverse service offering, adding value and deepening client relationships".
Ivo Hemelraad, CEO at ZEDRA, said: "We are delighted to welcome the team from LJ Fiduciary and APO. The combined extensive experience and knowledge will be a great asset as we look to further grow our footprint and our capabilities."
