Palatine-backed Suntera Global completed the acquisition of Channel Island business of Nedgroup Trust.

Palatine-backed Suntera Global, an independent global provider of fund, corporate, and private wealth services, completed the acquisition of Channel Island business of Nedgroup Trust, a company which provides a full suite of fiduciary services to high-net worth individuals, ultra-high-net worth individuals, family offices and owner managed businesses. Financial terms were not disclosed. “This acquisition will strengthen our current service offering, enhance our Channel Islands’ capability and expand our reach to an additional jurisdiction. Nedgroup Trust combines strong operational expertise with building lasting relationships and providing a personal, flexible and tailored service – attributes that align perfectly with our own emphasis on creating a high-quality international business established on a strong platform delivering sustainable, responsible growth. I am delighted that we will be shortly welcoming the Nedgroup Trust team and have no doubt their expertise will contribute considerably to the capabilities and growth of Suntera Global,” David Hudson, Suntera Global CEO.