International financial services group Suntera Global has acquired Guernsey-based firm Carey Commercial Limited for an undisclosed sum.
The deal is subject to regulatory approval.
Carey is a boutique fund, corporate and private wealth services provider. The operation will complement and enhance Suntera’s current Guernsey offering.
With a team of 80 specialists, Carey currently provides a range of professional, administrative and accounting services to a portfolio of fund managers, large institutions, ultra-high net worth individuals and family offices around the globe.
The acquisition comes a year after Suntera Global bought Channel Islands-based Nedgroup Trust for an undisclosed sum.
David Hudson, group chief executive of Suntera Global, said: “The addition of Carey, a high-quality business with an impressive, closely aligned team and a strong track record across all three divisions, to our strategically important and fast-growing Guernsey business is a great milestone.
“This acquisition forms part of our ongoing strategy of continuously developing our offering and capability to further enhance the services offered to our clients in each of our tier one jurisdictions.”
Suntera Global is a multi-jurisdictional provider of corporate, fund and private wealth services. It has over 475 specialists supporting a global client base from offices in the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersey, Guernsey, Luxembourg, Malta, and the US.
