The latest mergers, acquisitions and other corporate actions in the wealth management sector.

 ZEDRA
ZEDRA, a global specialist in corporate services and global expansion, has acquired AlleyBe, a Maltese corporate service provider, trustee and virtual financial asset agent, to strengthen its operations in Malta.

The acquisition marks a step change for ZEDRA’s Maltese business by adding scale, expertise and additional support for corporate clients and high net worth individuals across a wide spectrum of services, the firm said. These offerings include private wealth solutions, accounting and financial reporting services, tax compliance, asset protection and estate planning, fintech services, as well as advisory services for marine and aviation structures.

Founded in 2015, AlleyBe has a track record of providing a comprehensive suite of services, including, but not limited to, assisting with setting up, managing and administering companies, trusts and foundations in Malta, as well as providing VFA agent services, accounting, tax compliance and regulatory services, the firm added. The acquisition adds 25 new team members to ZEDRA Malta.

“The recent regulations for CSPs issued by the Malta Financial Services Authority upped the ante for doing business on the island, mapping out Malta as a key market in Europe and a highly attractive business environment for our industry. We look forward to exploring new growth opportunities within the region,” Ivo Hemelraad, CEO of ZEDRA said.

In the coming months, the AlleyBe business will be fully integrated within the ZEDRA brand which will enable the company to increase its resources in Malta and grow its capabilities whilst delivering a broader range of innovative solutions and tangible benefits to all its clients, the firm stressed.