IFG Trust and Corporate Group to bolt on Moore Group
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.