Boston MFO acquires international fiduciary business

An Island-based firm has announced the acquisition of an international company this week.

Boston Multi Family Office, a trust and fiduciary firm based in Douglas, has confirmed its acquired international fidicuary services organisation, IQE, as part of Boston's long-term growth strategy.

It's the first acquisiton by the Manx-based company since its management buyout in October last year.

Speaking about the deal, Boston CEO, Katherine Ellis, says: "It was clear that Boston and IQE shared very similar values and that the businesses were a very good strategic fit that would help drive our plans for the future.

"As well as strengthening our expertise and broadening our client base, the acquisition will also enable us to offer additional services such as sponsoring securities for The International Stock Exchange."

The new structure will see IQE staff transfer to Boston with IQE Directors David Karran, Moira McHarrie and Anne Couper Woods joining Katherine Ellis, Alex McNee and Sarah Ingrassia on the Boston board.

The acquisition is supported by a group of high net worth investors via Rockpool Investments LLP, the investor company behind the management buyout last year.

Meanwhile, Managin Director at IQE, David Karran, adds: "As a business, IQE has always operated under the guiding principles of integrity, quality and expertise, and we have a very similar ethical and customer-focused approach as Boston.

"It makes sense to join forces, combining knowledge and skills to provide our internationally diverse and entrepreneurial clients with a strong and resilient future, and an increased range of solutions to meet their evolving needs."