The IFG Trust and Corporate Group has concluded the acquisition of Moore Group, following receipt of regulatory approval from the Jersey Financial Services Commission.
IFG says the acquisition marks a significant development in the group’s growth strategy within the international fund sector and adds the Far East to its geographic locations and presence.
This is the first acquisition since IFG Trust and Corporate Group’s MBO in July 2012 when it separated from IFG Group plc.
The group is currently undergoing a rebrand and is due to unveil its new corporate identity in February 2013.
The Moore Group brand will continue as a subset of the new one, retaining its own name and trademark.
IFG Trust and Corporate Group Chief Executive Declan Kenny says, "We are delighted our acquisition of Moore has been approved by the JFSC.
"We have an ambitious expansion strategy and Moore is the ideal primary purchase, it has a fantastic geographical reach, it is a well established, well respected and successful business."
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