Following the acquisition, Seymour’s 30-strong team will move in to First Names’ St Helier office as part of its Private Client Service Line. This will bring the company to a total of 650 employees across 14 locations worldwide.
The transaction remains subject to regulatory approval.
First Names said the overall aim of its expansion plan is to operate on a global scale through a network of “strategically located offices servicing the specific needs of individual clients”.
Morgan Jubb, First Names’ chief executive, said: “We have grown substantially in Jersey both organically and through the previous acquisition of Basel, and we are now one of the largest independent trust and corporate service providers in [the area]”.
Managing director, Ben Newman, said: “The acquisition will significantly strengthen our Jersey operation and I am excited about driving the business forward with the management team.”
Jonathan Scott Warren, founder and financial director of Seymour, added that the company was excited at the prospect of being “part of a much wider network”.
First Names Group is a global, independent provider of trust, fund and corporate administration services, with offices in Jersey, Guernsey, Isle of Man, Cyprus, Switzerland, Luxembourg, The Netherlands, Ireland, UK, USA, Singapore, Hong Kong, the British Virgin Islands, and Japan.
Seymour is an independent provider of professional services for private client, corporate, and managed trust and family office clients.
In September, First Names’ appointed a UK managing director and global head of outsourced business services to oversee its UK services and help to build a global service delivery platform.
In the newly created role, which will be split into two positions, Tariq Husain will be based in the company’s recently established Covent Garden office, where he will look to recruit further team members in the near future.
