Crestbridge continue to grow in the Middle East

Thursday 06 April 2017

In a move they say extends their ‘global footprint’, Crestbridge has announced their expansion into Bahrain.

The independent trust, fund and corporate services provider has established a presence in the GCC following their acquisition of Ohad Trust, a Bahrain-based trust, fund and corporate services provider in Manama.

Commenting on the expansion Paul Perris, Group Managing Director said: “This is a significant achievement in delivering our strategy to provide a wider range of services to our clients and demonstrates Crestbridge’s continued commitment to the region. As a leading independent provider of trust, fund and corporate services to UHNW and institutional clients we are delighted to add Bahrain to our network of jurisdictions.”

“We welcome the team from Ohad which has a wealth of experience of operating in the region spanning almost 15 years. The Middle East is strategically important and having on the ground capability in Bahrain enables us to continue to add value to clients who require increasingly sophisticated support in relation to their local and international assets.” 

With regulatory consent having now been received, Ohad has with immediate effect become part of the Crestbridge Group. A full rebranding of Ohad is planned for later in 2017 to bring the business fully under the Crestbridge brand.

Graham Journeaux and Naser Obaid will continue to lead the Bahrain office, which consists of more than ten staff and will be supported by staff transfers from the Crestbridge Group. 

Speaking about the acquisition, Naser Obaid, Director at Ohad, said: “We have worked very successfully with the team at Crestbridge over the last few years and see this initiative as a very exciting opportunity for us and for the region.  Crestbridge is a highly-regarded service provider in the region and brings a great deal of knowledge and expertise combined with a broad service range.”