Estera, a leading provider of global fiduciary and administration services, has announced the successful completion of its acquisition of Guernsey-based Morgan Sharpe Administration Limited (“Morgan Sharpe”) following receipt of regulatory approval.
The deal, which completed on Friday 28 April, will see Morgan Sharpe rebranded under the Estera name to become Estera Administration (Guernsey) Limited.
Estera CEO Farah Ballands said: ‘We are delighted to formally welcome the team at Morgan Sharpe to the Estera group. They bring a wealth of experience in fund administration to our team and we look forward to working with them to expand our presence in Guernsey, an important market and jurisdiction for the Estera group.’
With the acquisition finalised Estera now employs more than 370 people across the 10 jurisdictions it operates in, including more than 50 at the Isle of Man office on Athol Street, Douglas.
Sean Dowling, Managing Director of Estera Isle of Man, said: ‘Acquiring Morgan Sharpe is a great step forward and demonstrates our intention to become a global acquirer aligning ourselves with brands which have outstanding reputations and share our core values. The blending of the companies will enable Estera to continue delivering first class administration services and allow us to offer a greater range of services for our clients.’
Serena Tremlett and Mel Torode, Directors of Estera in Guernsey, said: ‘We are proud of our heritage and the foundations we have built as Morgan Sharpe. In order to build on that success and move forward as a global business, it is important that we continue to grow and align ourselves with the Estera brand and values. The completion of this transaction marks an exciting, new chapter for our team and clients who will benefit from an even greater choice of service and jurisdictions as part of a global group.’
Photo - Sean Dowling.