Estera

Estera

Estera

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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]

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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

  1. [1]
    "ESTERA - Our history". Estera.com. Retrieved 7 November 2017.
  2. [2]
    "Ocorian and Estera merge to create a global leader". Ocorian.
  3. [3]
    "Appleby Fiduciary changes name to Estera". The Royal Gazette. 19 April 2016. Retrieved 14 August 2018.
  4. [4]
    "ESTERA | Profile". estera.com. Retrieved 2018-11-26.
  5. [5]
    "ESTERA | Jurisdictions". estera.com. Retrieved 2018-11-26.
  6. [6]
    "Events | IoD". Iod.com. Institute of Directors. Retrieved 7 November 2017.
  7. [7]
    "Ocorian and Estera to merge". www.citywealthmag.com. Retrieved 2019-07-23.
  8. [8]
    "Appleby Fiduciary Business rebrands as Estera". We Are Guernsey. 22 April 2016. Retrieved 14 August 2018.
  9. [9]
    "Paradise Papers: Everything you need to know about the leak". BBC News. 2017-11-05. Retrieved 2023-08-25.
  10. [10]
    "Our history and timeline (1890 to 2017)". Estera. Estera official website. Retrieved 14 August 2018.
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