The trust, corporate and fund services group will enhance its European footprint with the acquisition.
ZEDRA is to acquire Amsterdam-based Allied Corporate Services for an undisclosed sum.
The purchase of Allied, an independent trust and corporate services provider, will boost ZEDRA’s corporate and family business services across the Netherlands. The firm will be merged into the group’s international network. ZEDRA plans to double the size of the Dutch business over the next two-to-three years.
Following the acquisition, Ramon Zuketto and Peter Luc Oei will remain at the helm of Allied, helping ZEDRA to further grow in the Dutch market. Other members of the team will include Bart de Sonnaville and Erik-Jan Schoop, with Tako van Ginkel as ZEDRA managing director and Rutger Funnekotter joining as head of compliance.
The acquisition will also coincide with ZEDRA opening its new offices at the World Trade Center, Schiphol in the Netherlands.
“Further expansion of our network in the Netherlands has been a key priority. The combination of being a member of the European Union and having concluded tax treaties with a large number of countries, makes the Netherlands a particularly attractive base for domiciling international business operations,” said Niels Nielsen, group chief executive of ZEDRA.
ZEDRA was acquired from Barclays in January 2016 by an independent investor group. It has more than 320 staff serving clients across 10 jurisdictions, including Jersey, Guernsey, the Isle of Man, the Cayman Islands, New Zealand, Hong Kong, Netherlands, Singapore, the UK and Switzerland.