Bermuda-based Clarien Bank has acquired the Omnium Group of Companies for an undisclosed sum.
The deal involves Bermuda Monetary Authority-authorised businesses Omnium Trust Company and Omnium Corporate Services.
It will help Clarien Bank strengthen its aspiration to be the “best wealth manager in Bermuda”.
Omnium Trust will amalgamate with Clarien Trust, and Omnium Corporate Services will amalgamate with Clarien Corporate Services.
Omnium owner Simon Benedek will be appointed as a director of Clarien Trust and Clarien Corporate Services with a mandate to include the provision of support to transitioning Omnium clients. An additional Omnium employee will also be retained and integrated within the Clarien Trust team.
The bank said there would be no redundancies – and little change is anticipated to be felt by clients and employees within Clarien Bank, outside of the Clarien trust and corporate services teams.
Ian Truran, chief executive of Clarien Bank, said: “Omnium Trust and Omnium Corporate Services are exceptional entities, which we have been fortunate to have a positive relationship with for several years now. These entities have experienced leadership and offer first-class and bespoke services designed to meet clients’ needs – a quality that bodes well with one of Clarien’s core values of being client-driven.
“With our newly acquired capabilities, we are now further able to scale our operations and strengthen our position as a leading provider of wealth management services, both locally and globally. We are excited about this acquisition and look forward to wowing Omnium clients with our commitment to exceptional customer service and stellar team of knowledgeable, talented industry experts.”
