Two of Guernsey’s most respected independent trust companies, Aquitaine Group Limited and Goethe Management Limited have announced their merger on 1 January 2013. The two owner-managed businesses began formal discussions mid-way through 2012 and very quickly agreed that a merger would bring benefits to the combined businesses and their clients. The newly merged business has come together under the Aquitaine brand and its 22 employees are based at Mill Court, La Charroterie, St Peter Port.
The owners and management of Aquitaine and Goethe have known each other professionally for many years and quickly saw that their common goal of providing a consistent high quality, personalised client service could be best achieved in the future by combining their respective expertise, resources and infrastructures.
All existing staff, many of whom have worked together for a considerable time, have been retained. The merger gives critical mass to the business and the new company structure creates the ideal mix of operational staff and directors.
Aquitaine’s new Chairman is Chris Legge and its Directors are Adrian Pickering, Sarah Parkes, Paul Le Poidevin, Steven Ward, Simon Brooks, Nigel Robins, Paul Gaudion and Ciara Gurney. Adrian Pickering will assume the role of Managing Director when Sarah Parkes retires in April.
Goethe Management Limited opened for business in 1982 and latterly has been managed by former partners and staff from a big four accountancy firm while Aquitaine began life in 2008 and was formed by a team of individuals who previously managed the Channel Islands Fiduciary Services business for an international private bank.
Adrian Pickering says, “The merger was designed to bring an enhanced capability and efficiency to the businesses. We believe that retaining true independence in a fiduciary services business is of paramount importance when considering the requirements of our clients. We work hard to build long term relationships with our clients and intermediaries and that is only possible through the loyalty and the continuity of our people.
The merger means that existing clients can continue to receive the high level of service that they have grown to expect and we have the infrastructure and skilled resources to service new business to that same high standard.”
Category: Finance & Business