Moore has expanded its fund services into Guernsey following the acquisition of Mercator by its parent company, First Names Group. The transaction provides Moore with a dual servicing capability across the Channel Islands as the boutique fund services provider continues to grow.
The acquisition supports Moore’s strategy to build a multi-jurisdictional funds service offering in Europe, a strategy that has gained significant traction since it became part of First Names Group in January 2013. In the past 14 months, Moore has benefited from investment in highly qualified and specialist personnel together with access to the state-of-the-art IT systems eFront and Investment Café, which are considered the market-leading software systems for private equity and real estate fund administration.
Moore will integrate Mercator’s fund business into its brand, whilst Mercator’s trust and corporate services business will become part of First Names Group. Mercator Director Mark Douglas will remain in charge of the fund services business in Guernsey post-integration. Moore’s network of offices now includes Jersey, Guernsey, the Isle of Man, Japan and Bermuda.
Jon Trigg, Head of European Funds at Moore, says;
“I am delighted that the acquisition of Mercator has completed. The addition of a Guernsey office to our portfolio will strengthen our service offering and capabilities as the island is a key player in both the private equity and real estate market. Mercator and Moore are aligned both culturally and operationally in delivering niche solutions and unbeatable client service. I am really looking forward to welcoming and getting to know the team as we continue to build our presence locally and internationally.”
Mark Douglas, Director of Mercator Fund Services Limited, further comments;
“I am very impressed with Moore, it has a fantastic reputation and it has been a pleasure working with those involved on this transaction. It is a really exciting time for Mercator, the combined service offering will position us as one of the leading specialist fund providers in the Channel Islands.”
Category: Finance & Business