Volaw is pleased to announce that it has reached an agreement to merge the business and operations of the Europlan Group with Volaw. The combined business will now operate under the Volaw brand.
The merger, which brings together two long-established Jersey-based trust services businesses, was agreed following a careful review of recent and anticipated trends in the trust company sector.
The merged business will comprise almost 100 directors and employees, making it one of the larger independent fiduciary services companies in Jersey. Europlan Chairman Michael Dee, and Managing Director Ben Warner, will join Volaw’s board of directors, increasing the directorate to 11.
The merger, which has been approved by the Jersey Financial Services Commission, is effective from 19th September 2012. The combined business will operate from Volaw’s offices in Templar House, St Helier, Jersey and Europlan’s employees will move to those offices during September this year. Advocate Ian Strang and Robert Christensen will continue as, respectively, 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 internationalisation of the trust services sector.’