The acquisition of DF Corporate Services, a licenced trustee and fiduciary company based in Malta was completed on 26 September and Carey Group Monaco, a trust and fiduciary business, was completed on 28 September.
IoM-based Equiom offers a range of administrative, trust and fiduciary services to wealthy families, individuals and corporates.
Equiom’s global chief executive Sheila Dean said completing the deals within days of each other had been extremely challenging, praising Nick Evans, head of mergers and acquistions, Europe.
“Both acquisitions will make excellent additions to Equiom, allowing us to develop our current service offering and expand our presence in Europe,” she said.
“The team at DF Corporate Services brings a suite of complementary services to our existing Maltese business, while Carey Group provides Equiom entry into a key jurisdiction and allows us to leverage further our market-leading yachting proposition.”
Global platform
Edward Saliba, managing director of DF Corporate Services, said: “We will now be able to give clients a greater depth of resource and delivery capability.”
Stephane Postifferi, managing director of Carey Group Monaco added: “Becoming part of Equiom gives us access to a truly global platform and wide-ranging expertise, particularly in yachting and aviation.”
The seven staff from DF Corporate Services Ltd will join Equiom Malta staff in a new office towards the end of the year. A total of 20 staff from Carey Group Monaco will join Equiom with immediate effect and the business will continue to operate from its Monaco location. Both firms will rebrand in the coming weeks.
