Fund and corporate services provider NeoTrust Fiduciary Luxembourg has been sold to Suntera Global for an undisclosed sum.
It follows Suntera’s acquisition of duchy-based Reference Financial Services in August.
NeoTrust was founded in 2017 by Martin Hubert and Julien Guillame. It provides bespoke fund and corporate services to private equity and real estate firms, institutional clients, large and medium-sized companies and high net worth individuals, globally.
The 14-strong NeoTrust team will “add complementary expertise” to Suntera’s existing office in Luxembourg and its wider network of offices in Jersey, Cayman, the Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.
Suntera Global group chief executive David Hudson commented: “Our second acquisition in recent months is a signal of our intent to significantly grow our European fund and corporate services proposition.
“As well as broadening our client base and bolstering our platform in the EU, a market where we see real opportunity for growth, this move adds considerable depth to our existing global network and capabilities.”