IFG Trust and Corporate Group has acquired Jersey-based Moore Group as it expands its fund administration business
This is the first acquisition since the groups MBO in July this year when it separated from IFG Group. The firm, which has offices in Jersey, Isle of Man, Cyprus, Switzerland and Ireland, is looking to expand both in terms of product set and geographical reach especially in the Far East.
Moore was established by Ian Moore in 1996. The group manages and administers assets in excess of $17 billion and also has a presence in Tokyo and Bermuda. Moore will continue to work with the group and will assume the role of executive chairman.
IFG Trust and Corporate Group is currently undergoing a major rebrand to establish itself as a corporate service provider independent of the IFG name. It is undergoing a rebranding and is expected to unveil its new corporate identity shortly.
Commenting on the deal, Ian Moore said: IFG Trust and Corporate Group is an international player in the industry and I am very excited at the prospect of working together and becoming part of such an innovative multi-jurisdictional business.
Declan Kenny, chief executive of IFG Trust and Corporate Group further added: The Moore Group is an ideal addition to our organisation, well established and very well respected. This has been a very exciting year for our business and its employees and 2013 looks set to continue in the same vein.
(JDC)