International trust and corporate services provider, Equiom Group, has successfully completed the acquisition of Lloyds Trust Company (Channel Islands) and its subsidiaries.
This follows the acquisition of Ardel Trust Company (Guernsey) in February, and further increases the size of Equiom’s Channel Islands’ footprint, with all 43 Lloyds' staff joining Equiom.
The Lloyds Trust Company name will not be retained, and all staff have relocated to Equiom's offices in St Helier and St Peter Port.
Equiom Group Managing Director Sheila Dean commented: "The acquisitions of Ardel and Lloyds Trust Companies have significantly increased our staff numbers in the Channel Islands. Consequently, Equiom’s range of expertise and services has been enhanced. The team at Lloyds have an exemplary reputation for service delivery which fits with Equiom’s philosophy and culture of building long-standing relationships. The integration process is well underway and is expected to be a smooth transition for all involved.”
Equiom now operates across five jurisdictions; Isle of Man, Jersey, Guernsey, Malta and Hong Kong, and employs 330 staff across the Group. It has to-date completed three acquisitions in 2015 in Jersey, Guernsey and Hong Kong.