PraxisIFM Group has expanded its pensions division, Trireme Pension Services, with the acquisition of Guernsey business, Confiance Pension Services.
The acquisition means that Trireme will now have a fully staffed office in Guernsey, as well as its existing base in Malta, offering further flexibility to its clients.
‘We are delighted that Confiance Pension Services will become part of the PraxisIFM Group,’ said Simon Thornton, PraxisIFM Group CEO. ‘We have worked very closely with Confiance Pension Services since establishing Trireme in 2012 and recognise the skills and talent of their knowledgeable team.
‘This acquisition is incredibly positive for both our clients and those of Confiance Pension Services as they will have access to an even stronger, more experienced team of professionals. We will also have teams based in both Guernsey and Malta, offering jurisdictional flexibility where it is required as well as the ability to grow our portfolio of products.’
Darren Gibbs, director of Confiance Pension Services, added: ‘The Confiance Team is looking forward to joining PraxisIFM, where we will continue to focus on delivering an outstanding service to our clients and maximise the enhanced opportunities available to us.’
Confiance Pension Services will operate as Trireme Pension Services (Guernsey) Limited.
PraxisIFM is one of the largest independent and owner-managed financial services groups headquartered in the Channel Islands with assets under administration in excess of $30 billion and revenues of over £23 million. The Group has more than 200 staff across 10 jurisdictions.