The Clermont Group has acquired Guernsey-based trust and corporate services firm Rock Trustees for an undisclosed sum.
The deal has been made via Clermont Group’s newly incorporate Clermont Trust Guernsey business.
The transaction is subject to regulatory approval by the Guernsey Financial Services Commission and is anticipated to complete in Q2 2023.
The merger will provide Rock’s clients with access to a global range of structures and services and will expand Clermont’s existing service and jurisdictional offering to include Guernsey.
Clermont provide multi-jurisdictional structures and fiduciary services to private clients, family offices and corporate clients from its offices in Switzerland, the UK, the British Virgin Islands, Mauritius, Cyprus and the US.
Cross-border opportunities
Martin Chesler, group chief executive of Clermont, said: “The most important element in any successful acquisition is cultural alignment, and we have been impressed with the Rock team’s client centric, relationship focused approach which so closely aligns with Clermont’s ethos and culture.
“We are delighted to have the Rock team join our growing group which, notwithstanding our multiple jurisdictions, functions as a single organisation collaborating daily across our offices so that our collective clients benefit from the best of our diverse team’s skill and experience wherever they, or we, may be.
“Guernsey has distinguished itself as a centre of fiduciary service excellence and we are confident that Clermont Guernsey will be an increasingly valuable addition to our clients and our group.”
Lauren Ker, managing director of Rock, added: “At Rock Trustees, we pride ourselves on the personal service we provide to our clients and this is testament to the long-standing relationships we have with them. Clermont has a similar culture with its relationship-focussed approach. We are now looking forward to offering our clients cross-border services by being part of a group that has a presence in a variety of key financial jurisdictions.”
