IFG Trust and Corporate Group acquires Moore 03 January 2012Jersey Reporter: Georgina Lavers
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The IFG Trust and Corporate Group has now concluded the acquisition of Moore Group following receipt of regulatory approval from the Jersey Financial Services Commission.
“The acquisition marks a significant development in the group’s growth strategy within the international fund sector and adds the Far East to its geographic locations/presence,” said a statement from IFG.
This is the first acquisition since IFG Trust and Corporate Group’s MBO in July 2012 when it separated from IFG Group plc. The group is currently undergoing a rebrand and is due to unveil its new corporate identity in February 2013.
Declan Kenny, chief executive of IFG Trust and Corporate Group said: “We have an ambitious expansion strategy and Moore is the ideal primary purchase, it has a fantastic geographical reach, it is a well established, well respected and successful business."
The Moore Group brand will continue as a subset of the new brand, retaining its own name and trademark.
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