TRANSACTION SUMMARY

On 15 November 2023, ZEDRA announced its plan to acquire LJ Fiduciary and Alvarium Private Office (“APO”) from AlTi. LJ Fiduciary and APO will be rebranded and merged into the existing ZEDRA Group.

Terms of the transaction were not disclosed. The transaction is subject to regulatory approval.

LJ FIDUCIARY

Established in 1991, LJ Fiduciary and APO provide tailored solutions for the non-investment needs of families, trusts, foundations and institutions. LJ Fiduciary and APO have offices in the Isle of Man, Switzerland and the United Kingdom.

ZEDRA

Launched in 2016, Zedra is an international provider of Active Wealth, Corporate Services & Global Expansion, Pensions & Incentives and Fund Solutions. Zedra delivers tailored advice to companies and family businesses expanding overseas on a range of corporate, global expansion, accounting, tax, global mobility, payroll, pensions and HR matters. The firm also supports high net worth individuals and their families seeking diversified active wealth solutions, as well as asset managers and their investors.

ROLE

SHP acted as exclusive financial adviser to AlTi.