Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a
management buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...
of the fiduciary group of
Appleby. It rebranded as Estera in April 2016. In February 2020 Estera merged with
Ocorian
Ocorian is a provider of trust, administration and fiduciary services for companies, institutions, individuals and funds. The company has connections to the offshore magic circle. It was founded in Jersey as law firm Bedell Cristin, with Bedel ...
.
Estera employed 550 people and had 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.
In July 2019, it was announced that Estera would be merged with Inflexion Private Equity's company
Ocorian
Ocorian is a provider of trust, administration and fiduciary services for companies, institutions, individuals and funds. The company has connections to the offshore magic circle. It was founded in Jersey as law firm Bedell Cristin, with Bedel ...
.
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". In April 2016, it changed its name to "Estera", with the Group Chief Executive Officer being Farah Ballands. The company has offices in 11 locations.
The name of the new company was chosen based on inputs from their staff.
Estera was involved in the
Paradise Papers leak.
Subsequent acquisitions
In 2017, Estera acquired Morgan Sharpe (in
Guernsey
Guernsey (; Guernésiais: ''Guernési''; french: Guernesey) is an island in the English Channel off the coast of Normandy that is part of the Bailiwick of Guernsey, a British Crown Dependency.
It is the second largest of the Channel Islands ...
), Heritage financial services group (in
Belfast and
Malta) and Headstart s.a.r.l (Luxembourg).
See also
*
Asiaciti Trust
Asiaciti Trust is an international financial company established in Hong Kong, with operations in Asia, the Americas, and the Pacific. Its services revolve around corporate services, fiduciary matters, wealth protection, and administration.
Backgr ...
*
Ocorian
Ocorian is a provider of trust, administration and fiduciary services for companies, institutions, individuals and funds. The company has connections to the offshore magic circle. It was founded in Jersey as law firm Bedell Cristin, with Bedel ...
References
External links
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{{Authority control
Financial services companies of Bermuda
Financial services companies established in 2015
Companies formed by management buyout
Paradise Papers
2015 establishments in North America