Saffery Champness Registered Fiduciaries has completed its acquisition of Holdun Trust (Cayman) Limited after the Cayman Islands Monetary Authority granted regulatory approval.
The combined business will operate as Saffery Trust (Cayman) Limited.
Saffery Champness first established a Cayman presence in 2020. The acquisition of Holdun Trust, first announced in May 2022, will build on the success, and support the growth of Saffery Champness in the region, the firm said.
The Guernsey-based independent fiduciary services business has offices in Switzerland and Dubai, in addition to Cayman.
Directors Zoe Day and Fiona Pileta of Holdun Trust join the firm, alongside newly appointed senior business manager Laura Homer, and will provide comprehensive stand-alone office services including fiduciary, trust and corporate services, and deepen the company’s expertise in establishing and administering Cayman Islands structures.
Following completion of the acquisition of Holdun Trust, Saffery Champness also announced the appointment of Andrew Needham as an independent director in Cayman.
Needham has more than three decades of experience working with high and ultra-high net-worth individuals and their families within both the trust and banking industry. He will work alongside the Saffery Champness Cayman team to help build the firm’s brand in the region, with his role focusing on client relationships and family office structures.
Needham is a founding member of the Cayman Islands Family Office Association and member of Society of Trust & Estate Practitioners (STEP), with previous appointments including serving as deputy chair of the STEP Cayman Executive.
The Saffery Trust (Cayman) Limited offering is led by Paul Tucknott, managing director of Saffery Champness in Geneva, and Lisa Vizia, director of Saffery Champness in Guernsey.
Managing director Nick Batiste, said, “The Cayman Islands is widely recognised as a top tier international financial jurisdiction, with a first-rate financial services and legal market providing both flexible solutions and the stability and surety of a robust regulatory environment.
“The establishment of a stand-alone local office in Cayman was an important step for us on our growth journey as we continue to enhance our services and offering in line with the needs of our international client base.”
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