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Jersey Trust Firms Announce Merger

by Jason Gorringe,, London

03 October 2012

Jersey-based trust and company service providers Volaw and the Europlan Group have announced an agreement to merge their businesses and operations under the Volaw brand.

The merged business will comprise almost 100 directors and employees, making it one of the larger independent fiduciary services companies in Jersey. The merger of the two long-established Jersey-based trust services businesses, which became effective earlier this month following approval from the Jersey Financial Services Commission, was agreed following a careful review of recent and anticipated trends in the trust company sector, Volaw said.

Volaw’s Chairman and Volaw’s Group Managing Director Robert Christensen commented: "The merger is a very positive development for both groups, their employees and their clients. Europlan has a high quality client base that aligns well with our existing portfolio. The merger strengthens Volaw’s team and brings together a depth of experience and knowledge that will benefit not just Europlan’s clients but also clients of the combined group. There is a great deal of change occurring in our industry, which we envisage will inevitably face consolidation. My fellow directors and I believe that Volaw has developed a good platform through which it can participate in the consolidation and internationalization of the trust services sector."

TAGS: tax | business | company formation | law | mergers and acquisitions (M&A) | employees | international financial centres (IFC) | Jersey | offshore | services

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