Zedra Group has acquired LJ Fiduciary from investment firm, Alvarium.
LJ Fiduciary will be rebranded and merged into the existing Zedra network, subject to local regulatory approval.
The deal adds almost 50 new staff to Zedra’s 500-strong team across 13 countries, spanning Asia, the Americas and Europe.
Total staff in Switzerland will now exceed 70, while in the Isle of Man staff numbers will exceed 100.
Commenting on the acquisition, Ivo Hemelraad, director of Zedra Group, said: “This acquisition will give us an important opportunity to fast track our growth by diversification into different client segments in Switzerland and the Isle of Man. It will reinforce mutual strengths and strong existing market positions.”
He added: “LJ Fiduciary has a first-class client and staff base and we look forward to welcoming both into the ZEDRA Group.”
Robert Burton, head of trust and fiduciary, LJ Fiduciary, said: “By joining forces with Zedra we believe our clients will benefit from the enhanced global reach and a very positive cultural fit in a combined firm which will continue to focus on delivering high-quality services to meet client needs.”
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