ZEDRA acquires BNP Paribas Jersey Trust Corporation

Active wealth, global expansion and pension and corporate incentives specialist, ZEDRA, has completed the acquisition of BNP Paribas Jersey Trust Corporation, after receiving regulatory approval from the Jersey Financial Services Commission.

The acquisition, which was first announced in March 2022, is expected to bring additional scale and local expertise to ZEDRA's Jersey office, which is already the firm’s largest office.

The deal is the latest in a series of acquisitions by ZEDRA, including PTL, which has since rebranded to ZEDRA Governance Limited, and Caledonian Trustees Limited and Inside Pensions.

The announcement also follows ZEDRA’s acquisition of BNP Paribas Singapore Trust Corporation in July 2020, which is now fully integrated and renamed ZEDRA Trustees (Singapore) Limited.

ZEDRA head of Channel Islands, Steven Bowen, hightlighted the acquisition as "a significant opportunity" to broaden ZEDRA's capabilities in the Channel Islands.

Adding to this, ZEDRA chief executive officer, Ivo Hemelraad, said: “We are delighted to complete the acquisition of BNP Paribas Jersey Trust Corporation Limited, a jurisdiction which we value immensely and have seen tremendous innovation over recent years.

"We are looking forward to working closely with BNP Paribas as we continue to look for new opportunities to broaden our offering to current clients and tap into exciting new markets.”

    Share Story:

Recent Stories

Are current roads into retirement delivering member value?
Laura Blows explores HSBC Master Trust’s recent report, Converting pension pots into incomes, with HSBC Retirement Services CEO, Alison Hatcher.

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

Pension portfolios – the role of asset-backed securities
Laura Blows is joined by Royal London Asset Management (RLAM) head of sterling credit research, Martin Foden, and its Senior Fund Manager, Shalin Shah to discuss the role of asset-backed securities (ABS) within pension fund portfolios
Incorporating ESG into fixed income
Laura Blows is joined by TCW head of fixed income ESG, Jamie Franco, to discuss incorporating environmental, social and governance (ESG) strategies into fixed income portfolios