MJ Hudson is to acquire Jersey administrator, Anglo Saxon Trust, a provider of company and trust formation, registrar and administration services.
The acquisition comes after MJ Hudson’s purchase of Spring Associates in July and Amaces at the end of 2018.
Anglo Saxon Trust was founded in 2005 and now has more than 300 clients within companies and trusts as well as private individuals.
All existing staff will transition to MJ Hudson and the business will trade initially under the MJ Hudson Anglo Saxon Trust brand.
The acquisition separates Anglo Saxon Trust from its sister company, Jackson Fox, a chartered accountancy practice.
Two of the founders of Anglo Saxon Trust, Gordon Angus and Nick Walker, will leave Anglo Saxon Trust and concentrate on running Jackson Fox.
Although Jackson Fox will now be separate, Anglo Saxon Trust will continue to work closely with the firm.
Roger King, the remaining founder, will remain responsible for Anglo Saxon Trust.
The acquisition will be subject to Jersey Financial Services Commission regulatory approval.
Matthew Hudson, CEO, MJ Hudson, said: “We have been talking to the team at Anglo Saxon Trust for some time and we are delighted that they have decided to join our group. Anglo Saxon Trust is a well-established trust and company services business with a strong reputation and a highly experienced team.”
He added: “We are already present in Jersey as a law practice and listing sponsor, and in Guernsey also in administration and law. For our group, therefore, Anglo Saxon Trust represents a valuable and timely cornerstone in our Channel Islands operations.”
Roger King, co-founder of Anglo Saxon Trust, commented: “MJ Hudson is a compelling partner in Anglo Saxon Trust’s next phase of growth. We look forward to helping them to build out their Channel Islands offer. There will be no immediate changes to the way we service clients or the teams involved.”
