MJ Hudson Group, which provides services to the asset management industry and has offices in Jersey and Guernsey, has received full regulatory approval from the Guernsey Financial Services Commission for its acquisition of Saffery Champness Fund Services (SCFL).
The acquisition of SCFL, a Guernsey-based fund administration business, was announced on 23 July and is expected to add scale and expertise to MJ Hudson's existing operations.
Formal completion is likely to occur around the end of this month.