 | |
| Industry | Professional services |
|---|---|
| Founded | 2015
 |
| Fate | Merged with Ocorian (2020) |
Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016. [1] In February 2020 Estera merged with Ocorian. [2]
History
In December 2015, " Appleby Fiduciary Business (AFB)", a Bermuda registered company and a branch of the law firm Appleby, was separated out legally from Appleby (Bermuda) through a management buy out by the private equity firm "Bridgepoint". [3] In April 2016, it changed its name to "Estera", with the Group Chief Executive Officer being Farah Ballands. [4]
Estera employed 550 people and had offices in 11 jurisdictions: Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Luxembourg, Malta, Mauritius, United Kingdom. [5]
Gary O'Connor, the managing director of Estera Trust (Isle of Man) Limited, was shortlisted for the Institute of Directors Young Director of the Year award in September 2017. [6] In July 2019, it was announced that Estera would be merged with Inflexion Private Equity's company Ocorian. [7]
The name of the new company was chosen based on input from staff. [8]
Estera was involved in the Paradise Papers leak. [9]
Subsequent acquisitions
In 2017, Estera acquired Morgan Sharpe (in Guernsey), Heritage financial services group (in Belfast and Malta) and Headstart s.a.r.l (Luxembourg). [10]
See also
References
- ^ "ESTERA - Our history". Estera.com. Retrieved 7 November 2017.
- ^ "Ocorian and Estera merge to create a global leader". Ocorian.
- ^ "Appleby Fiduciary changes name to Estera". The Royal Gazette. 19 April 2016. Retrieved 14 August 2018.
- ^ "ESTERA | Profile". estera.com. Retrieved 2018-11-26.
- ^ "ESTERA | Jurisdictions". estera.com. Retrieved 2018-11-26.
- ^ "Events | IoD". Iod.com. Institute of Directors. Retrieved 7 November 2017.
- ^ "Ocorian and Estera to merge". www.citywealthmag.com. Retrieved 2019-07-23.
- ^ "Appleby Fiduciary Business rebrands as Estera". We Are Guernsey. 22 April 2016. Retrieved 14 August 2018.
- ^ "Paradise Papers: Everything you need to know about the leak". BBC News. 2017-11-05. Retrieved 2023-08-25.
- ^ "Our history and timeline (1890 to 2017)". Estera. Estera official website. Retrieved 14 August 2018.
External links
| Main topics | |
|---|---|
| Key organizations | |
| Heads of state or government mentioned | |
| Former heads of state or government mentioned | |
| Media | |
|
| |
| Industry | Professional services |
|---|---|
| Founded | 2015
|
| Fate | Merged with Ocorian (2020) |
Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016. [1] In February 2020 Estera merged with Ocorian. [2]
History
In December 2015, " Appleby Fiduciary Business (AFB)", a Bermuda registered company and a branch of the law firm Appleby, was separated out legally from Appleby (Bermuda) through a management buy out by the private equity firm "Bridgepoint". [3] In April 2016, it changed its name to "Estera", with the Group Chief Executive Officer being Farah Ballands. [4]
Estera employed 550 people and had offices in 11 jurisdictions: Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Luxembourg, Malta, Mauritius, United Kingdom. [5]
Gary O'Connor, the managing director of Estera Trust (Isle of Man) Limited, was shortlisted for the Institute of Directors Young Director of the Year award in September 2017. [6] In July 2019, it was announced that Estera would be merged with Inflexion Private Equity's company Ocorian. [7]
The name of the new company was chosen based on input from staff. [8]
Estera was involved in the Paradise Papers leak. [9]
Subsequent acquisitions
In 2017, Estera acquired Morgan Sharpe (in Guernsey), Heritage financial services group (in Belfast and Malta) and Headstart s.a.r.l (Luxembourg). [10]
See also
References
- ^ "ESTERA - Our history". Estera.com. Retrieved 7 November 2017.
- ^ "Ocorian and Estera merge to create a global leader". Ocorian.
- ^ "Appleby Fiduciary changes name to Estera". The Royal Gazette. 19 April 2016. Retrieved 14 August 2018.
- ^ "ESTERA | Profile". estera.com. Retrieved 2018-11-26.
- ^ "ESTERA | Jurisdictions". estera.com. Retrieved 2018-11-26.
- ^ "Events | IoD". Iod.com. Institute of Directors. Retrieved 7 November 2017.
- ^ "Ocorian and Estera to merge". www.citywealthmag.com. Retrieved 2019-07-23.
- ^ "Appleby Fiduciary Business rebrands as Estera". We Are Guernsey. 22 April 2016. Retrieved 14 August 2018.
- ^ "Paradise Papers: Everything you need to know about the leak". BBC News. 2017-11-05. Retrieved 2023-08-25.
- ^ "Our history and timeline (1890 to 2017)". Estera. Estera official website. Retrieved 14 August 2018.
External links
| Main topics | |
|---|---|
| Key organizations | |
| Heads of state or government mentioned | |
| Former heads of state or government mentioned | |
| Media | |