FINANCE - WEALTH MANAGEMENT

Wealth management

Suntera acquires NeoTrust



David Hudson, pictured, is CEO of Suntera Global Andy Le Gresley Photography Ltd

David Hudson, pictured, is CEO of Suntera Global Andy Le Gresley Photography Ltd

Wealth service firm Suntera Global has signed an agreement to acquire fund and corporate services firm NeoTrust Fiduciary Luxembourg, its second acquisition in Luxembourg this year.

Suntera announced the news on Wednesday saying that the acquisition further enhanced its presence in the jurisdiction and strengthened its European platform. NeoTrust, which was founded in 2017 by Martin Hubert and Julien Guillaume, provides bespoke fund and corporate services to private equity and real estate firms, institutional clients, large and medium-sized companies and high-net-worth individuals. It employs 14 people in Luxembourg.

Suntera, which employs over 300 specialists in offices in the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersery, Luxembourg, Malta and Switzerland, acquired Luxembourg-based Reference Financial Services SA (Luxembourg) in August 2021.

CEO of Suntera Global David Hudson said: “Our second acquisition in recent months is a signal of our intent to significantly grow our European fund and corporate services proposition. As well as broadening our client base and bolstering our platform in the EU, a market where we see real opportunity for growth, this move adds considerable depth to our existing global network and capabilities.  With a similar working ethos to our own, based on building lasting relationships and providing a personal, flexible and tailored service, I am really pleased to be able to welcome the highly experienced NeoTrust team to Suntera Global.”