Corsair-backed Zedra Group buys LJ Fiduciary

Zedra Group, backed by Corsair Capital, said Nov. 4 that it acquired LJ Fiduciary. Alvarium is the seller. LJ Fiduciary provides private client, fund and corporate administration services.


ZEDRA reaches agreement to acquire LJ Fiduciary.

Geneva, 4th November 2019.

ZEDRA Group, the fast-growing global specialist in Trust, Corporate and Fund Services has today announced the acquisition of LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval.

LJ Fiduciary’s Swiss and Isle of Man service offering encompasses global private client, fund and corporate administration services that will enhance ZEDRA’s strategy in the ‘active-wealth’ space offering. This concept embraces the dynamic way ZEDRA assists wealthy families and individuals in their investment needs, by recognising that modern wealth is multifaceted and that ZEDRA is a partner that can deliver the full array of tailored, streamlined and efficient solutions.

Commenting on the acquisition, Ivo Hemelraad, ZEDRA Group Director said: “This acquisition will give us an important opportunity to fast track our growth by diversification into different client segments in these two jurisdictions, Switzerland and the Isle of Man.  It will reinforce mutual strengths and strong existing market positions. LJ Fiduciary has a first class client and staff base and we look forward to welcoming both into the ZEDRA Group.”

Robert Burton, Head of LJ Fiduciary: “By joining forces with Zedra we believe our clients will benefit from enhanced global reach and a very positive cultural fit in a combined firm which will continue to focus on delivering high quality services to meet client needs. LJ Fiduciary teams will ensure a smooth transition to the combined firm without disruption to our clients or their activities.

The deal adds nearly 50 new staff to ZEDRA’s existing headcount of over 500 industry experts across 13 countries, spanning Asia, Oceania, the Americas and Europe. Total staff in Switzerland will now number over 70 whilst in the Isle of Man, staff numbers will exceed 100.

ZEDRA recently announced the acquisition of Talenture, an independent corporate services provider specialising in delivering consulting and corporate services solutions for international entrepreneurs and corporations in Lugano, Switzerland.

Last year, ZEDRA announced a strategic partnership with Corsair Capital in which the private equity group plans to take a majority stake in the Group.