The deal bolsters Suntera Global’s Guernsey proposition and augments its international fund administration capability.
Suntera Global has completed on its acquisition of Guernsey-based boutique fund, corporate and private wealth services provider Carey Commercial Limited (Carey), after receiving all necessary regulatory approvals.
Having been initially announced in May this year, the acquisition forms part of Suntera Global’s ongoing strategy to add further scale in key growth markets – specifically Guernsey in this instance.
With a 45+ year heritage and a team of 80 specialists, Carey provides a broad range of professional, administrative and accounting services to a prestigious portfolio of fund managers, large institutions, UHNWs and Family Offices around the globe.
Carey’s Corporate and Private Wealth offering complements and enhances Suntera’s existing proposition in Guernsey, while its fast-growing fund administration division adds Guernsey as a new tier one fund jurisdiction for Suntera. The broad fund offering in Guernsey now includes full-service fund administration, directorship services, listing services, investor services, company secretarial and corporate governance, risk and compliance services and international reporting (FATCA & CRS).
David Hudson, Group CEO, Suntera Global, said:
‘The completion of this acquisition of Carey forms a crucial part of our ongoing strategy to develop and evolve our offering and enhance the services we can offer clients from our tier one jurisdictions. I’m now 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, Carey, added:
‘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 as we focus on our growth journey and on delivering a comprehensive, high-quality and truly international service to clients.’
For more information, read our initial press release here.
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