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PraxisIFM acquires Confiance Pension Services

By Kirsten Hastings, 22 Oct 15

PraxisIFM, a Guernsey-based independent financial services group, announced on Thursday that it has expanded its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services.

PraxisIFM, a Guernsey-based independent financial services group, announced on Thursday that it has expanded its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services.

Following the acquisition, Trireme – which offers a range of international pension products – will have an office in Guernsey, as well as its existing base in Malta.

“We are delighted that Confiance Pension Services will become part of the PraxisIFM Group,” said Simon Thornton, PraxisIFM Group chief executive.

“We have worked very closely with Confiance Pension Services since establishing Trireme in 2012 and recognise the skills and talent of their knowledgeable team,” he said.

Jurisdictional flexibility

“This acquisition is incredibly positive for both our clients and those of Confiance Pension Services as they will have access to an even stronger, more experienced team of professionals.

"We will also have teams based in both Guernsey and Malta..."

“We will also have teams based in both Guernsey and Malta, offering jurisdictional flexibility where it is required, as well as the ability to grow our portfolio of products.”

Darren Gibbs, director of Confiance Pension Services, added: “The Confiance team is looking forward to joining PraxisIFM, where we will continue to focus on delivering an outstanding service to our clients and maximise the enhanced opportunities available to us.” 

Confiance Pension Services will operate as Trireme Pension Services (Guernsey). 

Tags: Guernsey | Malta | Pension

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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.