Saffery Champness to open Cayman office with acquisition of Holdun Trust

Saffery Champness Registered Fiduciaries has announced the acquisition of Holdun Trust (Cayman) Limited.

The deal, which is subject to regulatory approval, will see Holdun Trust rebranded and marks the establishment of a Saffery Champness office in the Cayman Islands.

The firm said this will significantly strengthen its Cayman offering and further expand its international footprint, which includes the Channel Islands, Switzerland and Dubai.

Saffery Champness first established a Cayman offering in 2020, in line with the evolving needs of the firm’s international and globally mobile client base.

The acquisition of Holdun Trust builds on this, Saffery Champness said, with a full-service office for fiduciary, trust and corporate services, including the establishment and administration of Cayman Islands structures such as STAR Trusts and foundation companies.

Nick Batiste, managing director of Saffery Champness, said Cayman continues to be a key jurisdiction of choice for clients and intermediaries seeking to establish structures that provide flexibility alongside security and peace of mind.

“Since we first launched our Cayman offering, we have seen significant and growing interest in the options the jurisdiction affords. The launch of this new office marks an exciting new chapter for our business, while further enhancing the Cayman Islands services we provide to our clients.”

Founded by Brendan Dunn as part of a fifth generation family office dating back almost 150 years, Holdun Trust, which launched in 2015, is a wholly independent, fully licensed, and regulated trust company.

Holdun Trust director Zoe Day said, “The Cayman Islands is renowned as a top-tier international financial centre, providing a range of unique options and opportunities for clients choosing to base their structures here.”

The Cayman Islands offers significant advantages for corporate or philanthropic purposes, to protect the privacy and interests of family members, or to manage complex portfolios including cryptocurrency and other digital assets, she added.