Opera has announced the successful completion of the acquisition of Accuro and Meritus Trust Company.
This milestone marks Opera’s fourth and fifth acquisitions, respectively, and concludes the first wave of growth under its five-year transformation programme, Project Overture.
Accuro is a trust and private office business known for its valued based culture, technical expertise and client service with offices in Jersey, Geneva, London and Mauritius. Meritus, a Bermuda-based trust firm, serves families across the Americas and internationally, specialising in family governance, cross-border trust administration and estate planning.
Following completion, Opera now operates across eight jurisdictions, with combined assets under administration exceeding $81 billion and a global team of 600 professionals.
Opera also announces that Xavier Isaac, Chief Executive Officer of Accuro, has joined the Opera Board as an Executive Director. He joins existing Board members Richard Collenette, Fintan Kennedy, Kim Sgarlata and Matt Westgarth-Smith.
Kim Sgarlata, Group CEO and Executive Director of Opera, commented: “Completing the acquisitions of Accuro and Meritus marks a defining moment for Opera. This isn’t about scale for its own sake. It’s about bringing together the right businesses, at the right time, with shared values and long-term ownership, to build a stronger, more resilient foundation.
“With this first stage complete, our focus now shifts to listening, learning, and integrating with care. Because what we build next matters more than what we’ve just completed.”
Xavier Isaac, Chief Executive Officer of Accuro and Executive Director of Opera, said: “We chose Opera because of our shared beliefs in purposeful growth, a people-first culture and an unwavering commitment to clients. Having reached the full potential of what an owner and staff managed trust group could offer, we were attracted by Opera’s model of long-term ownership, its strategic goal of filing a gap in the current market and its strategic investment in technology and operations Together, we can preserve the legacy of Accuro while building a unified group that leads with integrity, expertise, thoughtful innovation and the courage to do things differently.”
Michelle Wolfe, Managing Director of Meritus, added: “Joining Opera is an important moment for Meritus. From the outset, there was a clear alignment around long-term thinking, technical excellence and personal client service.
“Becoming part of Opera allows us to continue serving our families with the same integrity and care, while benefitting from being part of a broader group that values investment in people, culture, collaboration and technology.”
Pictured: Left to right – Michelle Wolfe, Kim Sgarlata and Xavier Isaac.
