The deal – subject to regulatory approval – is expected to close by the middle of this year.

TrustQuay, which operates in the trust, corporate and funds services sector, and Viewpoint, a wealth management solution provider, have agreed to join forces.

The combination pulls together 270 people across 12 offices around the world. 

The transaction – which is subject to clearance from regulators – will allow the firms to boost research and development, professional services, customer services and business development, they said in a press release. TrustQuay, which serves more than 360 customers, has a user base of over 26,000 people in more than 30 jurisdictions. In Viewpoint’s case, it has more than 20,000 users from more than 300 clients in over 80 jurisdictions.

The deal is expected to close by mid-2023, after which Keith Hale (pictured) will become group CEO, and Rolf Heemskerk will become chief information officer.

“Both businesses have distinct strengths and together we bring a ‘best of both worlds’, enabling us to better serve customers globally, with a stronger footprint across Europe and Asia Pacific, and to further accelerate automation and digitalisation globally,” Hale said. 

TrustQuay has offices in locations including Australia, Guernsey, Jersey, Luxembourg, Singapore and the UK.