Estera

Estera is a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016.[1]

Estera logo

Estera employs 550 people and has offices in 11 jurisdictions: Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Luxembourg, Malta, Mauritius, United Kingdom.

Gary O'Connor, the managing director of Estera Trust (Isle of Man) Limited, was shortlisted for the Institute of Directors Young Director of the Year award in September 2017.[2] In July 2019 it was announced that Estera would be merged with Inflexion Private Equity's company Ocorian.[3]

History

In December 2015, "Appleby Fiduciary Business (AFB)", a Bermuda registered company and a branch of the law firm Appleby, was separated out legally from Appleby (Bermuda) through a management buy out by the private equity firm "Bridgepoint".[4] In April 2016, it changed its name to "Estera", with the Group Chief Executive Officer being Farah Ballands.[5] The company has offices in 11 locations.[6]

The name of the new company was chosen based on inputs from their staff.[7]

Estera was involved in the Paradise Papers leak.

Subsequent Acquisitions

In 2017, Estera acquired Morgan Sharpe (in Guernsey), Heritage financial services group (in Belfast and Malta) and Headstart s.a.r.l (Luxembourg).[8]

gollark: The numbers are perfectly manageable if you accept inbreeding and don't mind breeding for ages, or use a cheaper thing like stairstep.
gollark: So, 2 times itself 56 times in total, which is 2^56, which is 72 quadrillion or so.
gollark: In an arrowish one, the last one will have two parents, each of which will have two parents, repeated 54 or so more times.
gollark: Exponential growth!
gollark: Since you're doing a stairsteppy thing it'll only be about 100 dragons, very practical.

See also

References
  1. "ESTERA - Our history". Estera.com. Retrieved 7 November 2017.
  2. "Events | IoD". Iod.com. Institute of Directors. Retrieved 7 November 2017.
  3. "Ocorian and Estera to merge". www.citywealthmag.com. Retrieved 2019-07-23.
  4. "Appleby Fiduciary changes name to Estera". The Royal Gazette. 19 April 2016. Retrieved 14 August 2018.
  5. "ESTERA | Profile". estera.com. Retrieved 2018-11-26.
  6. "ESTERA | Jurisdictions". estera.com. Retrieved 2018-11-26.
  7. "Appleby Fiduciary Business rebrands as Estera". We Are Guernsey. 22 April 2016. Retrieved 14 August 2018.
  8. "Our history and timeline (1890 to 2017)". Estera. Estera official website. Retrieved 14 August 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.