Announcement ATC - IntertrustWe expect the closing of the deal, after all regulatory approvals, to be completed in the coming months.
Intertrust is a global quality leader in the provision of corporate and trust services to a wide range of clients and the combined business will have more than 1,400 employees in 32 offices across the globe; this will significantly enhance our ability to provide the very best service in a number of key additional jurisdictions.
The CEO of Intertrust, David de Buck, will remain the CEO of the enlarged Intertrust Group and Johan Lont will serve as a Non-Executive Director within the board of Intertrust Group. Over the coming months we will work together seamlessly to integrate our service offering.
Commenting on the transaction, David de Buck, CEO of Intertrust Group, said: ‘ATC is a well-respected competitor with high quality standards and values similar to Intertrust. We strongly believe that ATC and Intertrust are an excellent fit, and will bring great benefits to our clients and advisors. Through the acquisition Intertrust becomes the undisputed quality leader of our industry in the Netherlands, Luxembourg and Cayman Islands, and one of the strongest global providers in our industry. We further strengthen our market position in key jurisdictions and expand our global network by adding an office Nassau, the Bahamas. ATC’s quality, experience, professional staff and ambitious approach to servicing quality clients mirror the Intertrust culture. We look forward to working with the ATC team and enjoying further success based on our joint capabilities.’
Johan Lont, CEO of ATC, added: ‘We believe becoming part of Intertrust Group is an excellent step forward. We share the strategic vision to become the leading, high quality global services provider of our industry. Our combined service offering and network of offices will further strengthen our capabilities to support our clients in all key international business locations across Asia, Europe and the Americas. Effectively, as a combined group we will be the service provider of choice for clients that seek the most professional and highest quality support for their business.'
For further details please contact Intertrust’s Global Head of Marketing & Communications: Hendrik de Wit (+ 31 (0)20 521 4777 / email@example.com).