Suntera Global has announced its acquisition of boutique fund, corporate and private wealth services firm Carey Commercial Limited, subject to regulatory approval.
Based in Guernsey, Carey offers professional, administrative and accounting services to a global client portfolio.
The acquisition will expand Suntera Global’s presence in Guernsey, and aligns with its scaling goals in the fund administration market.
David Hudson, group CEO at fund, corporate and private wealth services provider Suntera Global, says: ‘The addition of Carey 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.’
Jim Gilligan, managing director at Carey, adds: ‘‘We are excited [about] the opportunity to continue our growth journey by being part of a successful global business which provides a wider range of services and jurisdictions to our clients.
It was key for Carey to be part of a group with an aligned culture. Suntera is also fully committed to high ESG standards, [and is adhered] to the same ethics and responsible practices which are the cornerstone of Carey.”
