ZEDRA has reached an agreement to acquire BNP Paribas Jersey Trust Corporation for an undisclosed sum, subject to regulatory approval.

ZEDRA stated that its acquisition of the firm, which offers trustee and fiduciary services to clients as well as trustee services to private equity and real estate institutional investors, will “further strengthen” its services offering.

The announcement follows ZEDRA’s acquisition of BNP Paribas Singapore Trust Corporation in July 2020, which is now fully integrated and renamed ZEDRA Trustees (Singapore) Limited.

Jersey houses ZEDRA’s largest office, consisting of 90+ staff, with the acquisition provided a “further boost” to ZEDRA’s presence in Jersey.

“This acquisition will give us a significant opportunity to broaden ZEDRA’s capabilities and expertise in the Channel Islands, adding to our fast-growing market position,” commented ZEDRA head of Channel Islands, Steven Bowen.

“BNP Paribas Jersey Trust Corporation Limited has a first-class staff base, which we look forward to welcoming into ZEDRA.”

BNP Paribas Wealth Management will continue working with ZEDRA as a preferred partner for trust services, while continuing to provide wealth management services to its clients.

ZEDRA has made a string of acquisitions over the past few years, including Inside Pensions in February 2021 and PTL in January 2022.

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