First Names Group has acquired the fiduciary arm of Isle of Man law and professional services group Cains, following all necessary regulatory approvals.
Cains has operations in both the Isle of Man and London. Part of the Cains Group, Cains Fiduciaries is based primarily in the Isle of Man and provides fiduciary and accounting services to approximately 150 client groups with assets under administration in excess of £10bn.
Integration of the two businesses will begin in August. Cains Fiduciaries will be fully rebranded to First Names Group and the team will join their new colleagues in First Names House, Douglas, Isle of Man.
The senior management of Cains Fiduciaries will join the First Names Group management team, and the wider Cains Fiduciaries team will be fully integrated into First Names in substantially the same roles (and the same client relationships) as they presently have.
The law firm side of Cains is not part of the acquisition and will continue to operate as Cains.
Pictured (l-r): Oliver Webster, Director of Cains Fiduciaries; Craig Brown, Managing Director of First Names Group in the Isle of Man; Andrew Corlett, Managing Director of Cains