Thursday, 26 May 2016
Last updated 11 hours ago
Jul 18 2013 | 4:54am ET
First Names Group, an independent provider of trust, corporate and fund administration services, has completed its acquisition of The Basel Group.
This is the group’s second strategic purchase this year. The transaction expands its presence and service offering in Jersey and Switzerland. First Names Group bought Moore Group in January this year which expanded its fund offering both in Jersey and the Far East.
Basel will rebrand by the end of the year, positioning First Names Group as one of the world’s largest offshore trust, funds and corporate service providers with over 400 employees operating out of seven strategic locations.
Morgan Jubb, recently appointed CEO of First Names Group comments; “First Names Group has ambitious plans for growth. We are united behind our brand and culture and we will continue to develop and nurture it whilst evolving the business into a truly global operation.”
First Names Group was previously the international division of IFG Group. The firm has offices in the Isle of Man, Jersey, Cyprus, Switzerland, Ireland, UK, the British Virgin Islands and Japan.