First Names Group picks up second purchase 18 July 2013Jersey Reporter: Georgina Lavers
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First Names Group has completed its acquisition of The Basel Group in Jersey and the British Virgin Islands.
This is the group’s second purchase this year: it bought Moore Group in January, which expanded its fund offering both in Jersey and the Far East.
Basel will rebrand by the end of the year.
Julie Coward, the CEO of Basel, said: “We did not enter into this agreement lightly; great consideration was given to ensure it was the right fit culturally and that our clients would continue to receive the high level of service they are accustomed to. First Names Group matched all the criteria and we are confident the transition will provide even greater opportunities for our staff and our clients. ”
Basel Group was an independent fiduciary services business based in Jersey and Geneva, with associates in Luxembourg, Monaco and Mauritius. It has products and services aimed at estate planning, tax mitigation and asset protection.
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