International trust and corporate services provider, Equiom has expanded its Jersey business following the acquisition of Vivat Trust & Corporate Services Limited, an independent fiduciary services provider based in Jersey.

Equiom’s Global CEO, Sheila Dean commented: ‘I am thrilled to announce this latest acquisition which brings us to a total of six across the Equiom Group since December 2014. The Channel Islands are a key focus in our strategy for international growth and this continues our expansion in this region. The team at Vivat share a similar passion and culture and I am delighted to welcome them to Equiom. As always, our priority throughout the acquisition process will be to ensure a seamless transition for Vivat staff and clients in addition to continuing to deliver exceptionally high standards of customer service to Equiom’s existing clients.’

All Vivat staff have been offered positions with Equiom and the move to Equiom’s offices in St Helier will be complete by early February.

Former Chairman of Vivat, David Le Quesne commented: ‘Vivat has always focused on providing first-rate standards of client service. When considering how to maintain this through the days of growing competition and increased regulatory requirements, we realised that clients would be better served being part of a larger fiduciary services business. This being the case, Equiom was the obvious choice as we share a similar passion for employing the best and delivering excellent service. Equiom is an established brand in the Channel Islands with an exemplary reputation. Its senior management team shares a clear passion for the business and the industry and I am confident that Vivat’s clients and staff will be in the best of hands going forward.’

This news follows the significant expansion of Equiom in the Channel Islands last year after the acquisitions of Ardel Trust Company (Guernsey) Limited in February 2015 and Lloyds Trust Company (Channel Islands) Limited in May 2015.