(L-R) Brad Unsworth, principal and director at U&A; Johan van den Berg, CEO of Ancorius Group;
Credit: Ancorius Group
Ancorius Group, a Luxembourg-based provider of corporate and fund services has announced it signed an agreement to acquire Unsworth & Associates (U&A), a regulated corporate services provider operating in Luxembourg and the Netherlands.
According to Ancorius, the transaction will allow Ancorius to expand its regulated corporate services offering and strengthen its presence in the Dutch market.
U&A operates under a specialised “Professionnel du Secteur Financier Spécialisé” (PSF) licence in Luxembourg and a trust office licence in the Netherlands. Following completion of the acquisition, these licences will enable Ancorius to broaden the range of regulated services it provides to institutional and international clients, noted the provider.
Johan van den Berg, CEO of Ancorius Group, described the acquisition as “an important step” in expanding the company’s capabilities and geographic reach.
“While Luxembourg remains at the core of our strategy, this acquisition allows us to complement our local expertise with a presence in another key European market,” he stated.
According to both companies, U&A clients will continue to work with their existing teams to ensure continuity of service and relationships. They will also gain access over time to Ancorius’ wider platform, including additional expertise, enhanced capabilities and cross border support.
The acquisition forms part of Ancorius’ broader growth strategy. Steven Gringoire, Managing Director at AnaCap, said the expansion marked “an important milestone” for the group.
Brad Unsworth, principal and director at U&A, stated that joining Ancorius would help the company to increase efficiency and expand its capabilities across Luxembourg and the Netherlands, while continuing to deliver “agile, client first services”.
The transaction remains subject to regulatory approvals in Luxembourg and the Netherlands, noted the Ancorius.