LJ Fiduciary’s Swiss and Isle of Man offerings encompass global private client, fund and corporate administration services that will add to ZEDRA’s services for wealthy families and individuals, ZEDRA said in a press release.

“This acquisition will give us an important opportunity to fast track our growth by diversification into different client segments in these two jurisdictions, Switzerland and the Isle of Man,” said Ivo Hemelraad, ZEDRA Group director. “It will reinforce mutual strengths and strong existing market positions. LJ Fiduciary has a first-class client and staff base and we look forward to welcoming both into the ZEDRA Group.”

The deal adds nearly 50 new staff to ZEDRA’s existing headcount of over 500 industry experts across 13 countries, spanning Asia, Oceania, the Americas and Europe. Total staff in Switzerland will grow to more than 70 while in the Isle of Man, staff numbers will exceed 100.

Robert Burton, head of LJ Fiduciary, said, “By joining forces with Zedra we believe our clients will benefit from enhanced global reach and a very positive cultural fit in a combined firm which will continue to focus on delivering high quality services to meet client needs.”

ZEDRA recently announced the acquisition of Talenture, an independent corporate services provider specialising in delivering consulting and corporate services solutions for international entrepreneurs and corporations in Lugano, Switzerland.

Last year, ZEDRA announced a strategic partnership with Corsair Capital in which the private equity group plans to take a majority stake in the group.