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]
 | |
| Industry | Professional services |
|---|---|
| Founded | 2015  |
| Fate | Merged with Ocorian (2020) |
History
editIn 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
editIn 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
editReferences
edit- ^ "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.