Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IFG Trust and Corporate Group to acquire Fund administrator Moore Group

Friday, November 16, 2012
Opalesque Industry Update - IFG Trust and Corporate Group announces its acquisition of Jersey-based Moore Group, setting the tone for future growth and investment.

This is the first acquisition since the group’s MBO in July this year when it separated from IFG Group PLC. Growth is one of the group’s main objectives and the purchase of the Moore Group (Moore) will significantly expand its existing Fund Administration business both in terms of product set and geographical reach especially in the Far East.

Moore was established by Ian Moore in 1996. Mr Moore will continue to work with the group and will assume the role of Executive Chairman.

IFG Trust and Corporate Group is currently undergoing a major rebrand to establish itself as a corporate service provider independent of the IFG name. It is due to unveil its new corporate identity shortly. The Moore brand enjoys a strong reputation and recognition within the fund industry and the markets it operates in. It is extremely complementary to the values of the company’s re-brand and will exist as a subset of the new brand, retaining its own name and trademark.

Ian Moore comments, “This is a wonderful milestone in our history. Culturally, it’s a perfect fit. IFG Trust and Corporate Group is an international player in the industry and I am very excited at the prospect of working together and becoming part of such an innovative multi-jurisdictional business”.

Declan Kenny, Chief Executive IFG Trust and Corporate Group further comments, “I could not be more pleased. Mergers and acquisitions are cited as vital in achieving growth and accessing new markets and we have ambitious targets in this respect. The Moore Group is an ideal addition to our organisation, well established and very well respected. This has been a very exciting year for our business and its employees and 2013 looks set to continue in the same vein.”

The transaction remains subject to regulatory approval.

(press release)

IFG Trust and Corporate Group provides Trust & Corporate services, Fund Administration and services to the leisure industry in multiple jurisdictions including Jersey, Isle of Man, Cyprus, Switzerland and ROI. Established in 1975, IFG was acquired by Management, backed by AnaCap Financial Partners in July 2012 and will rebrand shortly. www.ifgint.com

The Moore Group was established in Jersey in 1996 and provides Fund Administration, Fund Management and Corporate Services. The company manages and administers assets in excess of USD17bn and also has a presence in Tokyo and Bermuda. www.mooremanagement.com

Moore was advised by Cavendish Corporate Finance, Olswang, Mourants and KPMG.

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t