Two Isle of Man trust companies, Vantage Corporate Services Ltd and Corsiom Corporate Services, have merged and joined forces with the Peter Dohle Group to form a new entity to be known as Döhle Corporate and Trust Services Ltd.
The newly-formed company will offer a range of corporate and private wealth fiduciary services, but with a particular focus on the maritime sector, reflecting the background of Dohle - a Hamburg-based shipping group which reputedly runs a fleet of more than 400 vessels including containerships, bulk carriers and multi-purpose vessels.
The Isle of Man has long been a location for yacht and ship registrations but is looking to further expand its offering in that area. Last month, the Tynwald made legislative changes to allow the Island's ship registry to accommodate vessels with ownership structures in Monaco or Switzerland.
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