Sanne Group's acquisition of State Street Jersey's capital markets corporate administration business (formerly part of the Mourant International Finance Administration business) has completed.
The financial aspects of the deal, which was accomplished with financial backing from Inflexion, which invested in Sanne earlier this year, are not being disclosed.
The addition of the new staff will take the Sanne Group to over 200 employees in Luxembourg, London, Dublin, Dubai, Hong Kong and Shanghai as well as the Channel Islands, making it one of the larger independent fiduciary businesses.
Sanne Group chief executive Dean Godwin will be very familiar both with the newly acquired business and the 40 staff moving to Sanne, having been managing director at State Street until his move to Sanne last year.
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