Gibraltar
STM Group sells Gibraltar trust business for £2.45m
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
Sovereign Group completes double M&A swoop
It has bought a tax advice firm in Portugal and a trust company in Gibraltar
UK Financial Services Bill enters parliament
As it aims to ‘deliver long-term market access’ with Gibraltar, as well as ‘limit’ Brexit disruptions
STM Group reaches agreement with Gibraltar regulator
Status of its subsidiaries in the British overseas territory remains unchanged
Blacktower granted Cyprus licence
As firm looks to ‘Brexit-proof’ its European business