
Dunedin's Hawksford acquires Key Trust
Dunedin has acquired wealth management business Key Trust Company Ltd through its portfolio company Hawksford.
Dunedin backed the £23.5m MBO of independent trust company Rathbone Trust International in October 2008 and later rebranded it as Hawksford.
This is Hawksford's fourth acquisition since it was backed by Dunedin. In the last two years the business has completed the acquisitions of Trustcorp Jersey Ltd, Swiss private wealth law firm L-S&S GmbH, and the funds business of Standard Bank Dubai.
The acquisition follows Hawksford's recent expansion in Jersey, the Middle East and Switzerland, and forms part of its wider growth strategy. Hawksford has also appointed Philip Taylor as its new chairman.
Hawksford is based in the Channel Islands and has revenues in excess of £20m.
Company
Key Trust was part of the Key Group, which has been conducting personalised wealth management and administration for high-net-worth clients and their professional advisers since 2000.
Key Trust works in cooperation with lawyers, accountants and private bankers. It is an independent fiduciary licensed by the Jersey Financial Services Commission.
People
David Williams is a partner at Dunedin. Peter Murley is chief executive of Hawksford.
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