THE Equiom Group has successfully completed the acquisition of Andium Trust Company Limited based in St Helier Jersey.
Andium is a well established fiduciary services provider managed by a strong team all of whom will be joining Equiom.
Andium’s current board of directors, Stewart Walker, Anton Swemmer and Simon Voisin, will join Equiom’s senior management team.
Equiom’s managing director Sheila Dean said: ‘A client service offering in the Channel Islands has been a key strategic objective for Equiom and we are confident that bringing Equiom and Andium together will create one of the largest independent providers of offshore services.
‘Equiom was established more than 30 years ago, originally as the Ernst & Young Trust Company in the Isle of Man, and now employs over 80 staff.
‘Stewart Walker of Andium was previously a partner in Ernst & Young Jersey, and that shared heritage, ethos and strong bond, coupled with a mutual ambition for growth and quality were major drivers in our decision to proceed with the acquisition.’
Sheila added: ‘Stewart and his team bring with them a wealth of knowledge and experience in a variety of jurisdictions which will be a valuable addition to our existing team. I believe that the synergy and advantages created by the acquisition will lead to wider opportunities and enhance our service levels’.
Andium’s managing director Stewart Walker said: ‘Sheila and her team at Equiom have a very strong reputation within the fiduciary industry and we look forward to developing the business further and being a part of Equiom’s continued success.’