Financial services firm Zedra has bolstered its operation in Malta with the purchase of AlleyBe for an undisclosed sum.
The Maltese firm offers private wealth, corporate and virtual financial asset services. This includes trust, tax and estate planning services.
The acquisition adds 25 team members to Zedra Malta. In the coming months, the AlleyBe business will be fully integrated within the Zedra brand.
Ivo Hemelraad, chief executive of Zedra, said: “Under the leadership and the entrepreneurial spirit of its founder, Rudolph Psaila, AlleyBe’s team managed to develop a successful and compliance-oriented business model over the past seven years.
“We are delighted to welcome the clients and team members of AlleyBe, which benefit from an unrivalled reputation and an enviable expertise.
“The recent regulations for company service providers issued by the Malta Financial Services Authority upped the ante for doing business on the island, mapping out Malta as a key market in Europe and a highly attractive business environment for our industry. We look forward to exploring new growth opportunities within the region.”
