Boston Multi Family Office has welcomed new colleagues to its Isle of Man office following the acquisition of Fedelta Trust Limited which has completed following regulatory approval by the Isle of Man Financial Services Authority.
The transaction sees the transfer of all Fedelta Trust services and clients to Boston and brings the total number of staff in Boston’s Isle of Man office to over 60.
This is the second acquisition since the management buyout of Boston in October 2019 which was led by Katherine Ellis, CEO and Alex McNee, who recently moved into the role of Group Director, Mergers & Acquisitions.
Commenting on the acquisition, Boston CEO Katherine Ellis said “The addition of our new colleagues from Fedelta Trust brings valuable expertise and skills to the existing team which will ultimately enhance the offering to our clients. This collaboration strengthens Boston’s position and supports Boston’s long term growth strategy creating even more value for its clients.”
“We are delighted to welcome our new colleagues and clients to the Boston family. The professionalism of staff at both companies in bringing these businesses together has been inspiring, and I look forward to an exciting future that will see the Boston team continue to build on their client focused approach in the market”.
“I would like to thank our investors at Horizon Capital for their continued support as well as those who helped us with the transaction including Mazars for financial due diligence, Andrew Harding and Rachel Winterbach from DQ Advocates for legal input and Kerry Smith from Kesmi Consulting for regulatory due diligence.”
One of the Isle of Man’s highest profile trust and fiduciary businesses, Boston Multi Family Office was founded in 2002 as a single family office and was held privately until 2019. The company provides boutique administration services from offices in the Isle of Man and Malta.