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hawksford continues takeover strategy

11 Feb 13

Hawksford, a Jersey-based trust company, has acquired another Jersey-based trust and corporate services provider, Key Trust. The move follows recent takeovers in Jersey, the Middle East and Switzerland.

Hawksford, a Jersey-based trust company, has acquired another Jersey-based trust and corporate services provider, Key Trust. The move follows recent takeovers in Jersey, the Middle East and Switzerland.

Key Trust, part of the Key Group, has been providing wealth management and administration services for high net worth clients and advisers since 2000. Hawksford was set up in 2008 following a management buy-out of Rathbone Trust Company Jersey Ltd, backed by the UK private equity company, Dunedin.

Hawksford has trod an acquisitorial path since inception and has focused on growth, both organically and through expansion and acquisitions. In June 2011, Hawksford opened its Dubai office and in August 2011, it acquired L-S&S, a boutique private wealth law firm, based in Zurich. In January 2012, Hawksford acquired Trustcorp Jersey.

Peter Murley, Hawksford chief executive, said his company would employ most of the staff from Key Trust and that clients would benefit from the expanded resources and expertise.

 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.