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guernsey trust companies agree to merger

By Mark Battersby, 12 Feb 13

Aquitaine Group and Goethe Management have merged their independent trust businesses to create a combined team of 22 staff.

Aquitaine Group and Goethe Management have merged their independent trust businesses to create a combined team of 22 staff.

All the existing employees at the two Guernsey-based companies have been retained, and the merger gives “critical mass” with the ideal mix of operational staff and directors, according to a joint statement.

The newly merged business has come together under the Aquitaine brand and the office will be based at Mill Court, La Charroterie, St Peter Port.

Aquitaine’s new chairman is Chris Legge and its directors are Adrian Pickering, Sarah Parkes, Paul Le Poidevin, Steven Ward, Simon Brooks, Nigel Robins, Paul Gaudion and Ciara Gurney. Adrian Pickering will take over as managing director when Sarah Parkes retires in April.

Goethe Management opened for business in 1982 and latterly has been managed by former partners and staff from a big four accountancy firm while Aquitaine began life in 2008 and was formed by a team of individuals who previously managed the Channel Islands fiduciary services business for an international private bank.

Pickering said: “The merger was designed to bring an enhanced capability and efficiency to the businesses.  We believe that retaining true independence in a fiduciary services business is of paramount importance when considering the requirements of our clients.”

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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.