ZEDRA acquires AlleyBe in Malta
08 June 2022
London, Malta- ZEDRA, the fast-growing international specialist in Active Wealth, Global Expansion, Corporate and Fund solutions, today announces the acquisition of AlleyBe, a leading Maltese corporate service provider, trustee and Virtual Financial Asset (VFA) Agent to bolster its operations in Malta.
The acquisition of Maltese AlleyBe marks a step change for ZEDRA’s Maltese business by adding scale, expertise and additional support for corporate clients and high net worth individuals across a wide spectrum of services. These include private wealth solutions, accounting and financial reporting services, tax compliance, asset protection and estate planning, fintech services as well as advisory services for marine and aviation structures.
Founded in 2015, AlleyBe has a strong track record for providing a comprehensive suite of services, including, but not limited to, assisting with the setting up, managing and administering companies, trusts and foundations in Malta as well as providing VFA agent services, accounting, tax compliance and regulatory services. The acquisition adds 25 new team members to ZEDRA Malta.
Commenting on the acquisition, Ivo Hemelraad, CEO of ZEDRA, said: “Under the leadership and the entrepreneurial spirit of its founder, Rudolph Psaila, AlleyBe’s team managed to develop a successful and compliance-oriented business model over the past seven years. We are delighted to welcome the clients and team members of AlleyBe, which benefit from an unrivalled reputation and an enviable expertise. The recent regulations for CSPs issued by the Malta Financial Services Authority (‘MFSA’) upped the ante for doing business on the island, mapping out Malta as a key market in Europe and a highly attractive business environment for our industry. We look forward to exploring new growth opportunities within the region”.
Rudolph Psaila, CEO of AlleyBe, commented: “Driven by our commitment to exceed clients’ expectations we have, since inception, focused on ensuring through our dedicated team of professionals and our consistent quality service that clients are continually served instantly and in a comprehensive and professional manner. We found in ZEDRA the same ‘client obsessed’ focus and values and being part of this international group will enable us to continue offering an unmatched value proposition to assist our clients with international bespoke solutions.”
In the coming months, the AlleyBe business will be fully integrated within the ZEDRA brand which will enable the company to increase its resources in Malta and grow its capabilities whilst delivering a broader range of innovative solutions and tangible benefits to all its clients.
Notes to Editors
For more information, please contact:
Jamie Brownlee / Tom Engleback / Eleonore Basle / Sebastian Merrett
+44 203 963 1893
AlleyBe is a boutique and multidisciplinary group specialised in providing a tailored approach to its international individual and corporate clients wishing to relocate and operate their business to or through Malta.
Driven by regulatory requirements and commitment to its clients, AlleyBe ensures to combine the team’s expertise in rendering Accounting, Tax Compliance, VFA Agent, regulatory and domiciliation services to Malta entities in order to provide a seamless service, thus enabling its clients to focus on their core business. AlleyBe works with International Partners to ensure that its clients structure and operate their business efficiently, at the minimum costs and in line with developments taking place internationally.
ZEDRA is a global provider of Global Expansion and Corporate Services, Active Wealth and Fund Solutions. The firm’s highly experienced teams deliver tailored high-quality solutions to clients who include high net worth individuals and their families seeking diversified active wealth solutions, as well as, medium to large sized companies, corporate pension schemes, asset managers and their investors.
ZEDRA’s full range of services are designed to preserve and protect the real value of its clients’ assets and businesses and the firm’s entrepreneurial outlook helps and supports clients in unlocking their ambitions for growth and expansion, no matter how complex their challenges might be.
ZEDRA inherited a wealth of knowledge and experience following its acquisition of trust businesses of a renowned bank in 2016. This solid foundation combined with innovative thinking has allowed ZEDRA to grow rapidly in a competitive marketplace to a team of 700+ industry experts across 16 countries spanning Asia, Oceania, the Americas and Europe. www.zedra.com