One Guernsey trust business acquires another

13 May 2014

Imperium Trust Company Limited has completed the acquisition of trust and corporate services business Saltire Trustees.

The acquisition was agreed in principle between the two parties earlier this year, subject to regulatory approval, which has now been obtained.

The integration of the business will further strengthen Imperium's service provision, particularly in the area of family wealth structuring.

David Gilmour, Director of Imperium, sees the acquisition as a part of the continued growth programme for the company.

He said: "We have seen a steady increase in our client base since Imperium was established in 2011. Taking on the Saltire business will add further scale to our business as well as diversifying our range of corporate and private fiduciary structures. This agreement almost doubles the size of Imperium's business base. We have on-going plans for developing the company and this opportunity was a perfect strategic fit."

As part of the arrangement, Jonathan Robbins, a Director of Saltire Trustees, will join the Imperium Board.

He specialises in managing structures for HNW clients and in corporate administration for listed or regulated companies. He also has experience administering AIM listed companies with particular expertise in the natural resources sector.

M Gilmour added: "Jonathan's skill set complements that of the existing Imperium board. His technical expertise will help build on the high quality service provision Imperium already delivers. I am sure that he will make a valuable contribution to the on-going development of Imperium."

Mr Robbins sees the new arrangements as positive for Saltire's existing client base.

Mr Robbins said: "Having considered a number of strategic options for the company, the Imperium agreement was the ideal way forward. Under the new structure, we will be able to continue to provide clients with offshore services and to meet their individual needs."

The Imperium team will be relocating to the Saltire offices in Rue du Pré in St Peter Port, Guernsey in the coming weeks to accommodate the larger team.

Back to News
Download Find a related practitioner