Thursday, August 19, 2010
Channel Islands law firm Carey Olsen has noted its advisory role in Jersey Trust Company's acquisition of specialist wealth management firm Caversham Fiduciary Services for an undisclosed sum.
Carey Olsen corporate partner, Mike Jeffrey, led the team advising on the deal, which will see the integration of 30 Caversham staff, including six directors, into Jersey Trust Company’s private wealth division.
“This was a significant deal in the context of the finance industry in Jersey. With the two companies integrating staff and clients together it was important that all progressed smoothly,” said Jeffrey.
“Acquisitions such as this also show the strength of the fiduciary sector in the island. The presence of strong independent trust companies, and their willingness to invest in expansion and development, shows the confidence that many people have in Jersey," he added.