Zedra acquires Nordic business

Posted: 13/06/2019

Trust, corporate and fund services specialist Zedra has announced the acquisition of Interben Trustees in Guernsey. 

Zedra says move will significantly enhance its international pension and employee benefits portfolio and give the group an important entry point into the Norwegian, Finnish and Swedish institutional markets for employee benefits products and services.
 
Interben provides trustee and administration services to multinationals to support their international pension plans. Starting out in 1987, it has strong links to the Nordic market. Current owners Storebrand (in Norway and Sweden via its subsidiary SPP) and Mandatum Life Insurance (Finland) are pension providers in their respective countries. 

Storebrand (Norway), SPP (Sweden) and Mandatum (Finland) will continue to work with Interben, and going forward more widely, to provide solutions to their multinational clients.
 
Ivo Hemelraad, Zedra Group Director Corporate, Funds & Legal, who is overseeing the acquisition, said: “Guernsey is an important hub for us, from where we are able to offer global clients employee benefits, pensions and associated administrative services. Interben’s team brings new experience and expertise and I am delighted to welcome Interben’s Guernsey team and clients of Interben Trustees to Zedra.”
 
Geir Holmgren, CEO of Storebrand Livsforsikring, said on behalf of Storebrand, SPP and Mandatum: "We will continue to work with Interben as part of our services to Nordic multinationals. In addition, we are looking forward to working with Zedra Group, enabling us to offer a wider range of services to our clients."
 
The acquisition is subject to local regulatory approval. Interben’s existing staff will all join the Zedra Guernsey office.


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