Appleby acquires Caledonian businesses as part of growth strategy
Appleby has acquired Caledonian Trust (IOM) Ltd and Caledonian Fund Services (Europe) Ltd as part of its strategy to grow its fiduciary and administration business.
The new business will trade under the name Appleby Fund Administration (IOM) Ltd with effect from 7 June 2013 and will operate from Appleby’s office on Athol Street in Douglas.
The move will see approximately 20 staff relocate to Appleby, bringing the total headcount of the Athol Street office to 140.
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