The private fiduciary, corporate, and fund administration company, Opera has completed its purchase of HFL Limited following full regulatory approval.
Matt Westgarth-Smith, formerly Managing Director of HFL, is taking on two new roles within the Opera group – as Group Head of Institutional Clients for Opera, and Executive Director on the Opera Limited board.
“It’s a privilege to join the Opera Board and lead the institutional client teams,” said Mr Westgarth-Smith. “These appointments ensure that HFL’s perspective and expertise are embedded in Opera’s long-term strategy.
“As part of the group’s governance team, I am committed to helping shape a future defined by innovation, performance and meaningful client partnerships. Each entity within Opera group shares a belief in purposeful growth and together we will unlock new opportunities while remaining true to the values that define us.”
Kim Sgarlata, Group CEO and Executive Director, added: “Richard, Fintan and I are pleased to welcome Matt to the Opera leadership team. His deep expertise in serving institutional clients, combined with his track record of building innovative, people-first solutions at HFL, brings added strength to our leadership.
“He will be invaluable as we accelerate the delivery of our fund and corporate services strategy across the group. I look forward to working with him again as we shape Opera’s next chapter.”
Opera also announced the proposed acquisitions of Accuro and Meritus, which are both subject to regulatory approval.
Once the Accuro deal is complete, its Chief Executive Officer, Xavier Isaac, will join the Opera Limited board.
Opera’s combined assets under administration currently exceed $37 billion and following the completion of the Accuro and Meritus acquisitions that will rise to over $71.6 billion, with a team of 600 professionals across Bermuda, Geneva, Guernsey, Isle of Man, Jersey, London, Mauritius and The Bahamas.