Suntera Global completes acquisition of Carey 02 August 2023Channel Islands Reporter: Jamie Richards
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Suntera Global has completed its acquisition of Carey Commercial Limited after passing all required regulatory checks.
The Jersey-headquartered asset servicing firm first announced its acquisition of Carey in May of this year.
Carey, based in Guernsey, operates in the fund services and corporate and private wealth fields. The firm will retain its team of 80 specialists under its new parent company.
Through the acquisition, Suntera has added Guernsey as a new tier one fund jurisdiction through Carey’s fund administration division.
Suntera now offers fund administration, directorship services, listing services, investor services, company secretarial and corporate governance, risk and compliance services, and international reporting including FATCA & CRS.
David Hudson, group CEO of Suntera, says: “I’m excited to welcome the hugely impressive team at Carey to the Suntera Global family as together we continue to build a high-quality business spanning the fund, corporate and private wealth sectors through Guernsey, a strategically important jurisdiction.”
Jim Gilligan, managing director at Carey, adds: “The alignment of our culture at Carey and that at Suntera has been clear throughout our discussions and has been critical in completing this deal seamlessly. We are excited now to be joining the Suntera Global team.”
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