The company will continue to provide trustee and trust administration services across structured finance and securitisation, Islamic finance, charitable trust, employee incentive plans, REITs and funds.
The decision to rebrand, agreed by both joint venture (JV) partners Keypoint and Elian Fiduciary Services (Jersey), is designed to provide a solid platform on which the services can continue to grow, according to a statement.
Professional business services provider Keypoint operates in the Gulf Cooperation Council (GCC) region while global corporate services provider Elian specialises in corporate and fund services, international finance and private wealth.
Operations unaffected
Under the new brand the day-to-day operations of Two Seas Trust will continue as usual, including interaction between both JV partners and clients, which include institutional clients and high net worth families in Bahrain and the wider GCC region.
Bashar Bazian, chief executive of Elian Middle East, said: ‘Two Seas Trust has built a strong presence in Bahrain and the GCC region since its launch in 2008 and we’re pleased to officially bring the company under the Elian fold.
“Sharing the Elian name and leveraging its global presence will help Elian Middle East to achieve its ambitious plans to grow its trust and corporate services offerings. Elian Middle East is a combination of international experience and local understanding of the GCC market.”
Elian, which launched in September 2014 following a management buyout from Ogier Group, is a specialist in private wealth, capital services, fund services and corporate services. It now employs over 525 people across 11 offices.
It has recently expanded its footprint in North America and continental Europe with new offices in New York and with the acquisition of SFM Europe.
