Equiom has announced the acquisition of Virtus Trust Group, a Guernsey-headquartered trust and corporate services provider with a presence in the Cayman Islands, New Zealand, UK and US, where it has a US public trustee licence in the state of South Dakota.
Founded in 2005, Virtus offers private wealth management services such as succession planning, trust and foundation services and investment solutions.
Equiom Global CEO Sheila Dean said: “In addition to increasing our foothold in Guernsey, we will now be able to deliver structures for our clients in three new jurisdictions: Cayman, New Zealand and the US.”
Virtus’ 25 staff members will join the Equiom team, operating from the Guernsey office. The company will complete the process of rebranding by June 2017.