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
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
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."