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Independent Guernsey Trust Companies Merge

Monday, February 18, 2013

Following the commencement of negotiations towards a merger in mid-2012, independent Guernsey-based trust companies, Aquitaine Group and Goethe Management, have agreed to join forces under the Aquitaine brand.

Explaining the decision, the companies said they had worked with each other in a professional capacity for several years, and their management had quickly identified that amalgamating their expertise, resources and infrastructure would yield considerable benefits, and better position the firms to achieve their respective goals.

All existing staff, many of whom have worked together for a considerable time, have been retained. The companies explained that the merger gives critical mass to the business, and the new company structure creates the ideal mix of operational staff and directors.

Goethe Management opened for business in 1982 and has latterly been managed by former partners and staff from a big four accountancy firm. Meanwhile, Aquitaine began life in 2008 and was formed by a team of individuals who previously managed the Channel Islands fiduciary services business for an international private bank.

Adrian Pickering, who will take over as Acquitaine's Managing Director from April 2013, said: "The merger was designed to bring an enhanced capability and efficiency to the businesses. We believe that retaining true independence in a fiduciary services business is of paramount importance when considering the requirements of our clients. We work hard to build long term relationships with our clients and intermediaries and that is only possible through the loyalty and the continuity of our people."

"The merger means that existing clients can continue to receive the high level of service that they have grown to expect and we have the infrastructure and skilled resources to service new business to that same high standard."