ZEDRA, a provider of trust, corporate and fund services, has agreed to buy Quaestum Corporate Management, a Malta-based independent corporate management firm.

Quaestum, set up in 2012, employs industry professionals with experience in varied areas of consultancy and financial services. The firm will be merged into ZEDRA following the acquisition, expanding ZEDRA’s global presence to 15 offices.

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ZEDRA also operates in Jersey, Guernsey, the Isle of Man, Luxembourg, The Netherlands, Cayman Islands, New Zealand, Hong Kong, Netherlands, Singapore, Miami, the UK and Switzerland.

Quaestum’s existing management will be retained following the acquisition, with its managing director Jan Stockhausen becoming managing director of ZEDRA Malta.

“Joining forces with a company who shares our philosophy was my top priority,” Stockhausen stated.

The deal, whose financial terms were not revealed, is subject to regulatory nod.

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ZEDRA CEO Niels Nielsen said: “Malta is now firmly established as a widely respected and highly attractive business environment for our industry. Legal and accounting expertise is well developed, all the major international legal and accounting practices have a presence there and the labour force is widely regarded as one of the most skilled and versatile in Europe, offering well trained, multilingual specialised and administrative staff.

“As a result, we regard Malta as a key element in our strategy to be able to offer clients a truly global range of corporate services and wealth planning solutions.”