Opalesque Industry Update - 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 ("JFSC"). 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.|
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 IFG Trust and Corporate Group comments, ‘We are delighted our acquisition of Moore has been approved by the JFSC. 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.