Global fiduciary services provider IQ-EQ has received regulatory approval to formally acquire Concord Trust Company, making Concord officially part of the IQ-EQ Group.
News of this strategic transaction was first announced in April and is the first for IQ-EQ in the US private wealth trust space.
The acquisition of Concord also marks the latest transaction in IQ-EQ’s expanding operations in the US, following two other acquisitions over the past year – Constellation Advisers in January and Blue River Partners last June.