By Yusra Barmaz
ZEDRA can announce that it has agreed terms to acquire Barclays UK trust business for an undisclosed sum. The new acquisition will increase ZEDRA’s size by around a quarter and at the same time, open up important new business opportunities for the group in the UK.
“This is an important strategic acquisition for us and we welcome the staff and clients of Barclays UK Trust business to the ZEDRA Group. The move adds to our UK capabilities and other services we already provide,” says Niels Nielsen, ZEDRA CEO. “This development marks another step in our growth plan offering clients a balanced and global geographic reach.”
This latest news comes within the same week ZEDRA acquired the Netherlands based Allied Corporate Services (“Allied”) following the approval of De Nederlandsche Bank (“DNB” – the Dutch Central Bank).
Both acquisitions mark another step in ZEDRA’s growth plan and fit perfectly in its aim to develop the business in carefully selected jurisdictions.