Equiom Group acquires City Trust Isle of Man

The Equiom Group has successfully completed the acquisition of City Trust – an Isle of Man based trust and corporate services provider.

City Trust Chairman, Rodney Margot and his team of professionals have all joined the Equiom Group within their Isle of Man Office as part of the acquisition deal. The deal follows the highly successful purchase of Andium Trust Company Limited in October 2012, and is in line with the group's corporate strategy of acquisitive growth to support their ongoing organic growth.

Equiom Group Managing Director, Sheila Dean (pictured), commenting on this latest acquisition said; “We are delighted to welcome Rodney and his team to the Equiom family. Their addition sees a welcome enhancement to our existing Isle of Man team through the knowledge and experience they have gained working with clients in a variety of global jurisdictions. Shared values and ambitious goals for growing the combined businesses, together with delivering exemplary service quality levels were significant drivers in Equiom's decision to proceed with the acquisition.”

Sheila continued; “Creating wider opportunities for our clients and intermediaries is a key focus as we grow the business. Much of our success has come from existing clients wishing to use more of our services and so critical to our ongoing success is the continual strive for excellence and a company wide approach to putting our clients at the very heart of everything we do.”

City Trust Chairman, Rodney Margot who joined as part of Equiom's Senior Management team added; “Sheila and all at Equiom have wholeheartedly made us most welcome. We were already aware of the strong reputation and high regard within the industry for Equiom, and we are now delighted to be a part of its ongoing and continued success. It is exciting times for all concerned.”