On Friday 23rd June, Capita plc announced the sale of the Capita Asset Services businesses, to Link Administration Holdings (“Link Group”). The transaction is subject to certain regulatory and other approvals and completion is expected in Q4 2017.
Capita Asset Services has operated in Jersey for more than 60 years, employing over 200 people from its offices in Castle Street. It provides services to HNWI, Corporate and Fund clients.
Commenting on the sale, Norma O’Sullivan, Managing Director of the Jersey business said: “We are excited by this news. This is an excellent strategic fit for us – it fully complements our existing business in terms of services, client base and professional staff while also providing us with the opportunity to further develop and strengthen our client proposition, with access to new jurisdictions.
“It is business as usual for now as we continue to focus on providing an excellent service to our clients.”
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