IFG Trust and Corporate Group has acquired Jersey's Moore Group, in a move designed to expand the former firm's fund administration business in terms of product and geographical reach, especially in the Far East.

Moore Group provides fund administration, fund management and corporate services. It was launched in 1996 by Ian Moore, who will continue to work with the group as executive chairman. The firm manages and administers some $17 billion in assets and also has a presence in Tokyo and Bermuda.

Additionally, IFG Trust and Corporate Group said it will shortly unveil its new corporate identity, following a "major rebrand" as it establishes itself as a corporate service provider independent of the IFG name. The firm separated from IFG Group in July of this year.

"The deal is a great fit for both parties and illustrates the strong consolidation trend that is sweeping international fund administration," said Mike Jewell, partner at Cavendish Corporate Finance.

"Bigger players continue to hunt for more specialist operators, which have particular skills sets and dedicated client bases, to bolster their revenues and expand their geographic and service offerings as well as benefit from economies of scale in areas such as technology infrastructure and compliance," he added.

IFG Trust and Corporate Group provides trust and corporate services, fund administration and services to the leisure industry in multiple jurisdictions including Jersey, the Isle of Man, Cyprus, Switzerland and the Republic of Ireland.

The transaction remains subject to regulatory approval.