Imperium Trust Company Limited has completed the acquisition of Guernsey-based trust and corporate services business – Saltire Trustees. The acquisition was agreed in principle between the two parties earlier this year, subject to regulatory approval, which has now been obtained.
The integration of the business will further strengthen Imperium’s service provision, particularly in the area of family wealth structuring. David Gilmour, director of Imperium sees the acquisition as a part of the continued growth programme for the company:
We have seen a steady increase in our client base since Imperium was established in 2011. Taking on the Saltire business will add further scale to our business as well as diversifying our range of corporate and private fiduciary structures. This agreement almost doubles the size of Imperium’s business base. We have on-going plans for developing the company and this opportunity was a perfect strategic fit.
The Imperium team will be relocating to the Saltire offices in Rue du Pré in the coming weeks to accommodate the larger team.