MOORE Group, the fund management and administration firm, has been sold to IFG Trust and Corporate Group.
Jersey based Moore, which has around $17bn (£10.7bn) under its wing including almost $5bn of private equity fund clients, has been bought to give the venture more scope in Asia.
IFG Trust and Corporate Group, which is set to rebrand as a separate entity shortly, was set up after a management buyout backed by cash provided by AnaCap Financial Partners
Ian Moore, who founded the firm in 1996, said: “This is a wonderful milestone in our history. Culturally, it’s a perfect fit.
“IFG Trust and Corporate Group is an international player in the industry and I am very excited at the prospect of working together and becoming part of such an innovative multi-jurisdictional business.”
Moore was advised by Cavendish Corporate Finance.