Leading offshore law firm, DQ Advocates, acted as principal legal adviser to Boal & Co in its acquisition in September 2015 of Zurich Trust Limited from Zurich Insurance Group.
Boal & Co is a leading provider of trustee services to international pension plans, with over $10 billion of pension assets under stewardship. Established in 1995 and headquartered in the Isle of Man, Boal & Co operates regulated pension trustee businesses in the Isle of Man, Gibraltar and now Jersey, and also has operations in Ireland.
Mark Kiernan, Chief Executive of Boal & Co, said: 'The acquisition is a natural fit for Boal & Co in terms of our International Pension Plan (IPP) client base and a natural extension to our existing relationship with Zurich International Life. We are pleased that Zurich recognises the strength of our IPP trustee services and the benefits of the independence that they bring to clients and members alike.'
Boal & Co Chairman, Gary Boal, added: 'The purchase of ZTL and expansion of our pension trustee services into Jersey further demonstrates Boal & Co's very strong commitment to international pensions business. Coming on the back of our authorisation in Gibraltar and the opening of our office there earlier this year, our multi-jurisdictional offering means we are uniquely well-placed to meet the pension trustee needs of multinationals and other companies requiring IPP solutions for globally mobile expatriates and other international employees. We are very grateful to Tom Maher and Adam Killip in DQ for their advice and assistance throughout this latest acquisition.'
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