Anson Group Limited, which
announced in September 2011 its intention to merge with Bordeaux Services
(Guernsey) Limited, has now stated that the merger will not proceed. No reason
was given for the change of plans, but it was stated by Mr john Le Prevost,
Chief Executive of the Anson Group, that “it did not rule out future
co-operation between the two groups” and the two groups will continue for the
time being to operate independently from each other but from shared premises.
Subsequent to the termination of
the merger talks, Anson Group has appointed Professor Richard Conder as its new
chairman and Mr Melville Trimble as a new director.
In a period of significant
consolidation in the fiduciary industry, it is likely that Anson and Bordeaux
may now be the target of other companies wishing to talk to them about joining
forces to establish critical mass.
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