Estera, a global fiduciary provider, has won ‘Trust Company of the Year – Bahamas, Bermuda and the Cayman Islands’ in Citywealth’s International Finance Centre awards and is awarded runner-up in the ‘Trust Company of the Year – Luxembourg’ category.
The awards, announced in London on Wednesday 29 January 2020, recognise outstanding achievements in Estera’s Bermuda and Cayman Islands offices as well as the expertise of the firm’s team in Luxembourg.
Estera provides offshore trust management and administration services including foundations, managed trust companies, personal pensions, private trust companies, trust formation and administration and has over 550 professionals in 11 jurisdictions.
James Maitland, Regional Head of Americas & Caribbean at Estera said: “Our private wealth services are well established. Not only are we are very proud of the work that we do and the clients that we work for, but we are also extremely grateful for their continued support. We are thrilled that our teams have been recognised for the quality of their work and their approach to delivering outstanding client service.”
Estera CEO, Farah Ballands, added: “The last few years have been tremendously successful for Estera. We have seen very strong results with revenue growth and we have built a well-diversified business. As well as investing in the growth of our long-established private wealth and corporate services businesses we have also built a fully-fledged global funds capability and increased our presence in Luxembourg. This award is a great endorsement of our approach. I am extremely proud of all our teams and I am delighted that our expertise has been awarded this high accolade.”
Last year it was announced that Inflexion Private Equity will acquire Estera. Following completion, Estera will be merged with Inflexion’s existing portfolio company, Ocorian, to form a global corporate service and fund administration leader of significant scale. The combined business will be a major global player with offices in 18 key offshore and onshore jurisdictions, over 1,250 employees and which will serve over 8,000 clients.
