ZEDRA emerges after investor takeover of Barclays’ Trust Business

Thursday 18 February 2016

The rebranded Barclays’ Trust Business is looking to double the size of its business in the next five years after an independent investor group acquired a majority shareholding and renamed it ZEDRA.

The business, which is 50 years old, employs more than 300 people across Jersey, Guernsey, the Isle of Man, Cayman, Singapore, the UK and Switzerland.

They are also due to open an office in the Netherlands.

In a statement, ZEDRA said that their expansion plan was based on engaging with a wider range of corporate and institutional clients.

The investor group that acquired a majority stake in the business was led by the Sarikhani and Nielsen families.

Ashley Cox, Managing Director of ZEDRA Jersey, said: “The needs of our clients, our beneficiaries and our settlors are complex and that is what we are here to service.

“Our new independence will provide a fantastic opportunity in that regard. “Our people are core to the success and growth plans of our ZEDRA business and our client proposition.

“The team have remained completely focussed on our clients throughout the transaction, which presents exciting opportunities for them and for our clients.”