ZEDRA has agreed to acquire LJ Fiduciary and Alvarium Private Office (APO) from AITi Tiedemann Global for an undisclosed sum.

The deal, which is subject to regulatory approval, will see LJ Fiduciary and APO rebranded and merged into the existing ZEDRA Group.

The fiduciary services business has offices in the Isle of Man, Geneva and the UK.

LJ Fiduciary and APO’s service offering includes global private client and corporate administration services.

ZEDRA hopes that this latest acquisition will enhance its strategy in the active wealth and corporate services landscape, and reinforce its ambition to be an “international leader” in active wealth, corporate and global expansion, fund services, and pensions and incentives.

Fifty-nine LJ Fiduciary and APO employees will join ZEDRA, bringing the firm’s workforce to more than 1,000 staff across 16 countries.

ZEDRA stated that both organisations share the same core values of “close client relationship management, assisting them with their personal interests, family requirements and business interests”.

It added that their combined capabilities provide clients with access to a more diverse service offering, adding value and deepening client relationships.

Commenting on the announcement, ZEDRA CEO, Ivo Hemelraad, said: “We are delighted to welcome the team from LJ Fiduciary and APO.

“The combined extensive experience and knowledge will be a great asset as we look to further grow our footprint and our capabilities.”

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