Accuro Management Acquires Strategic Investor’s Stake in Accuro Group
Accuro, the award-winning provider of Trust and Private Office services, is delighted to announce the acquisition by management of the 30% stake of Dr Alexander Ospelt in the Accuro Group. The business is now wholly owned by management, who as next step intend to broaden equity participation in the Group to all staff.
This transaction is the culmination of a journey that started 6 years ago with the disposal by Investec Bank Plc of its trust business. It positions Accuro uniquely as the long-term partner of choice for international families and their advisors.
“This is a landmark development for Accuro. It is the culmination of a vision by which full control of our destiny is the best way to sustain quality and continuity of services, and to ensure alignment of interest with our clients and staff alike. This move is also a show of confidence in Accuro’s ability to build a distinct and contrarian business model. This is despite industry trends towards institutional private equity consolidating holdings of fiduciary business and banks de-risking theirs.
Our team can take pride in the fact that we are today 100% owned by the people working in the business. By any account it is a huge achievement in a relatively short period of time and I want to thank all of them for their efforts leading to that result. I also wish to thank Alexander Ospelt who has been a fantastic business partner and allowed us to launch Accuro less than 3 years ago”.
Xavier Isaac, CEO of Accuro