Elian has agreed terms to buy SFM Europe, a leading provider of
corporate services with more than €1 trillion of assets under
The purchase of SFM Europe will increase Elian's head count
by 115, to 640 employees, significantly expanding the company's
European footprint and enhancing its corporate services and
structured finance offering. On completion of the deal, which is
subject to regulatory approvals, SFM Europe will operate as a
separate division of Elian.
Announcing the deal today, Elian's CEO, Paul Willing, said
SFM Europe was an outstanding strategic fit for Elian.
"SFM Europe has a long established reputation for providing
the highest level of client service, coupled with industry
expertise and an excellent client base. This deal will complement
Elian's corporate services business and extend the group's
geographic reach in the key European financial markets of
Amsterdam, Frankfurt, Lisbon, Madrid, and Milan," said Mr
Tom Amy, Managing Director of Elian Guernsey, added: "Elian
Guernsey has extensive experience in supporting listed and private
businesses with an international network. Building on this, the SFM
Europe acquisition will create exciting new business opportunities
from both existing and new clients."
Established in 1999, and spanning nine jurisdictions in Europe,
SFM Europe provides corporate services for the management of
securitisations, structured finance and asset finance to global
banks, investment managers and blue chip corporates.
Jo Keighley, founder & Executive Chairman of SFM Europe,
added: "We gave careful consideration to the future direction
of SFM Europe. Elian is an excellent business, which I believe is
the right strategic fit; I am confident that putting the two
complementary businesses together will bring benefits both to our
clients and to our employees."
SFM Europe's existing management team will continue to run
the business on a day-to-day basis with Robert Berry, SFM
Europe's CEO, joining the Elian executive team.
"Elian's reputation, industry knowledge, and commitment
to client service and staff development, make it the perfect
company to take SFM Europe forward. I am delighted to be joining
Elian's executive team," said Mr Berry.
Elian specialises in the establishment and ongoing
administration of companies, funds and trusts for multi-national
corporations, financial institutions, high-net-worth individuals,
family offices and fund managers. On completion, the group will
employ more than 640 staff across 16 jurisdictions, covering all
major time zones and key financial markets.
Fiona Le Poidevin, chief executive of Guernsey Finance, explores why the Island’s new foundations legislation offers an attractive alternative for wealthy Middle Eastern individuals to protect their assets.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).