AST Trust Company, based in Phoenix, Arizona, and a subsidiary of American Stock Transfer & Trust Company, has acquired The Capital Trust Co...

AST Trust Company, based in Phoenix, Arizona, and a subsidiary of American Stock Transfer & Trust Company, has acquired The Capital Trust Company of Delaware. Terms of the transaction were not disclosed. The acquisition creates an organisation with $19 billion in trust assets under administration, according to a statement from AST Trust. "Capital Trust is an excellent fit for AST because of its strong commitment to providing personal trust services to the independent advisor community," said Greg Tschider, president of AST in a statement. "Due to the natural synergies between the companies, the acquisition of Capital Trust is an opportunity for us to further enhance our trust administration capabilities and service offerings."