First Names Group acquires Cains' fiduciary business

Wednesday 05 July 2017

First Names Group has finalised its acquisition of Cains Fiduciaries.

Cains Fiduciaries is based primarily in the Isle of Man and provides fiduciary and accounting services to approximately 150 client groups with assets in excess of £10 billion under administration.

The integration of the two businesses will commence in August. Cains Fiduciaries will be fully rebranded under First Names Group and the team will join their new colleagues in First Names House. Cains' law firm will continue to provide corporate and commercial legal services to the Isle of Man.

Craig Brown, Managing Director of First Names Group in the Isle of Man, commented: “I am delighted to share the news of our acquisition of Cains Fiduciaries and welcome the team to First Names Group. This deal marks a significant milestone, both in terms of our local operations and our international Group’s long-term strategic growth plans.

"It also represents the latest stage of a long journey with Cains, with whom we have worked closely for decades to deliver the highest quality of services and solutions to our mutual clients.

"Our acquisition of Cains’ fiduciary business constitutes a real meeting of minds and I am excited to see what the future holds for First Names Group and for our continuing relationship with Cains the law firm.”

Andrew Corlett, Managing Director of Cains, added: “The acquisition of Cains Fiduciaries by First Names Group is a highly positive development for Cains Fiduciaries and its clients around the world.

"First Names Group enjoys an excellent reputation in the industry and I believe this transaction allows our highly skilled fiduciary and accounting professionals to become part of a much larger international team.

"The relationship between Cains and First Names Group goes back many years, and I am confident it will continue for many more.”