Locally based trust company, Hawksford, has acquired trust and corporate services provider, Trustcorp Jersey Limited. The acquisition forms a significant part of the company’s growth strategy and follows its recent expansion into the Middle East and Switzerland.
‘Our recent acquisition of Trustcorp Jersey Limited will ensure that Hawksford’s clients, and those of Trustcorp Jersey Limited, will have access to an even wider resource pool of experts – an opportunity we view as a great positive. We are delighted to be offering roles to employees of Trustcorp Jersey Limited. They have strong skills and experience to complement Hawksford’s existing team and we look forward to welcoming them.’ said Peter Murley, chief executive, Hawksford. ‘Trustcorp Jersey Limited has a fantastic client base and the acquisition will really help us to grow our Middle East business. The company’s employees will integrate into our existing team, who are based at Hawksford House, Esplanade,’ continued Mr Murley.
Hawksford was established in 2008 following a management buyout of Rathbone Trust Company Jersey Limited, backed by UK private equity company, Dunedin. Since this date, the company has been focused on growth, both organically and through expansion and acquisitions. Acquiring Trustcorp Jersey Limited will boost the company’s capacity and increase headcount by 30, making Hawksford the largest independent offshore trust company business, with over 150 staff.
In June 2011, Hawksford opened its Dubai office and in August 2011, the business acquired Swiss firm L-S&S GmbH, a boutique private wealth law firm, which was founded in Zurich by English lawyers Geoffrey Shindler, Roger Lane-Smith and Tim Urquhart. 2011 also saw the business appoint chairman, Philip Taylor, who is helping to facilitate the company’s growth strategy.
Since its management buyout in October 2008, Hawksford has gone from strength-to-strength and was crowned Trust Company of the Year at the 2011 Citywealth Magic Circle Awards and has been recognised as a Top 25 Trust Company by Private Client Practitioner for the second year running. Last year Hawksford was awarded the title of Independent Trust Company Team of the Year for 2010/2011 at the STEP Private Client Awards.
Hawksford is a leading independent wealth structuring company specialising in preserving and enhancing wealth. The company provides a dedicated range of services for a diverse list of multi-generational families through its family office business, and administers investment fund work through its funds business. Hawksford offers wealth structuring solutions and consultancy services through its businesses Hawksford Fiduciary, Hawksford Family Office, Hawksford Law, Hawksford Employee Solutions, Hawksford Funds, Hawksford Wills & Probate, Hawksford Advisory, Hawksford Succession Planning, Hawksford Media & Sport and L-S&S GmbH.