Ogier Fiduciary Services, a provider of corporate, fund and private wealth administration services, has re-branded as Elian, following the management buyout (MBO) from the Ogier Group in June.
Led by chief executive officer Paul Willing and the existing management team, the new firm, including Elian Private Wealth, has ambitious plans for expansion and investment in services, systems, team and global presence.
Willing said: "We have a comprehensive strategy in place for growing our business organically, consolidating our position in core markets. We also have a well-funded acquisition strategy that will further accelerate our growth and we are currently considering a number of significant opportunities. Our acquisition strategy will give us critical mass in important new markets where our clients need our services."
According to the Elian Private Wealth group director, Philip Le Comu, with the additional funding the business is set to expand into new markets as well as increase the presence in existing location, namely the UK, Russia/CIS, the Middle East and the Americas.
The firm’s MBO, completed in June 2014, was a first in the sector and the one of the most significant transactions within the key international financial centres this year, the company told PBI.
The management buy-out of Ogier Fiduciary Services was backed by Electra Partners, who invested £82 million of equity on behalf of their major client Electra Private Equity PLC, alongside a significant investment by the Ogier Fiduciary Services’ management team.
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By GlobalDataAs of today, Elian employs 500 people across 10 offices. The group has delivered 15 years of back-to-back growth since launch as Ogier Fiduciary Services in 1999.