|
|
Article: Luxembourg acquisition for Maitland.
- Article from:
- Isle of Man Newspapers (Douglas, England)
- Article date:
- September 4, 2007
CopyrightCOPYRIGHT 2007 Johnston Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
INTERNATIONAL professional services firm Maitland has acquired Insinger de Beaufort Luxembourg S.A. subject to Luxembourg regulatory approval.
The deal will make Maitland one of the largest independent service providers in Luxembourg and the asset management business of Insinger is expected to add $65 million to the $800 million currently under management with the firm's asset management division.
Managing director Steve Georgala said the deal would significantly boost the firm's trust and corporate services business, which is likely to impact on Maitland's Isle of Man operations which include legal advisory, trust and corporate services, asset ...