Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Niels Nielsen, ZEDRA

22190

ZEDRA to acquire Barclays trust business

RELATED TOPICS​

ZEDRA, a provider of corporate, trust and fund services, has agreed terms to acquire the Barclays UK trust business for an undisclosed sum.

The acquisition will increase ZEDRA’s size by around a quarter.
 
The terms of the deal are subject to regulatory approval. Barclays will continue to hold a minority stake in the newly expanded entity.
 
The acquisition means that less than nine months after ZEDRA’s launch, the business, which operates from 10 offices worldwide, will now have a headcount of over 400 staff and is well on its way to achieving its stated aim of doubling in size in less than five years.
 
“This is an important strategic acquisition for us and we welcome the staff and clients of Barclays UK Trust business to the ZEDRA Group. The move adds to our UK capabilities and other services we already provide,” says Niels Nielsen (pictured), ZEDRA chief executive. “This development marks another step in our growth plan offering clients a balanced and global geographic reach.”
 
Akshaya Bhargava, CEO, Barclays Wealth, Entrepreneurs and Business Banking, says: “We believe that in ZEDRA we have found a buyer that satisfies our core criteria of being able to maintain exceptional service for our clients, is able to integrate and enhance the careers of our colleagues and who has demonstrated a commitment to taking this business forward.
 
“Following the sale of the Barclays offshore trust and fiduciary business in January, Barclays already holds a minority stake in ZEDRA which demonstrates Barclays’ interest in the ongoing success of this business and its commitment to supporting continuing relationships with clients and the advisory community.”

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by