Niels Nielsen, Zedra’s group chief executive, said he is currently exploring a number of opportunities in Luxembourg including a possible acquisition.
“Luxembourg will be one of our key jurisdictions where we will be strengthening our operations as it is a location of choice for corporations, funds, institutional and private individuals looking to grow and efficiently structure their businesses,” he said.
He added that it was too early to say whether a deal would be done before the end of this year.
Nielson also said Zedra has plans to double the size of the business within five years: “This growth will be driven by an investment in attracting and retaining talented people to complement and build on the considerable experience and expertise already held within the company, and by further developing Zedra’s strong client base.
“This is the first global trust business to be acquired outside the private equity space for almost a decade and we intend to invest in positioning the company for long term, sustainable growth.”
In April, Zedra revealed plans to expand into the Asian market after announcing the opening of a new office in Hong Kong.