IFG acquire Moore Group

IFG Trust and Corporate Group (“IFG”), the trust company and fund administrator, has agreed to acquire Jersey-based fund management business Moore Group for an undisclosed sum, subject to regulatory approval. 

The acquisition is the first for IFG since AnaCap Financial Partners backed its £70 million MBO from the wider IFG Group in the summer.

IFG was established in 1975 and today provides fiduciary services, fund administration and services to the leisure industry through offices in the Isle of Man, Jersey, Cyprus, Switzerland and the Republic of Ireland.

Moore is a specialist fund administration business founded in Jersey by Ian Moore in 1996 and which now administers assets in excess of $17bn.  It has had a long-standing focus on Asian clients, with offices in Tokyo and Bermuda, and IFG believes that the acquisition will strengthen the combined group’s position in Asia.

Ian Moore will continue to work with the group and will become its executive chairman.

IFG is currently undergoing a rebrand to establish itself as corporate service provider independent of the IFG name, and is due to unveil its new corporate identity shortly.  For the time being at least, the Moore brand will exist as a subset of the new brand, retaining its own name and trademark.