Gold Magazine February - March 2013, Issue 23 | Page 13

IFGAND
TRUST

CORPORATE GROUP
ACQUIRES THE
MOORE GROUP

T

he IFG Trust and Corporate
Group recently concluded
the acquisition of Moore
Group following receipt of
regulatory approval from
the Jersey Financial Services
Commission (JFSC).The acquisition marks a significant
development in the group’s
growth strategy within the international fund
sector and adds the Far East to its geographic
locations/presence. This is the first acquisition
since IFG Trust and Corporate Group’s MBO
in July 2012 when it separated from IFG
Group plc. The group is currently undergoing
a rebrand and is due to unveil its new corporate
identity in February 2013. Declan Kenny,
Chief Executive IFG Trust and Corporate
Group said, “We are delighted that our acquisition of Moore has been approved by the JFSC.
We have an ambitious expansion strategy and
Moore is the ideal primary purchase. It has
a fantastic geographical reach and it is a well
established, well respected and successful business”. The Moore Group was established in
1996 by Ian Moore who will assume the role
of Executive Chairman. Moore provides Fund
Administration, Fund Management and Corporate Services. The company manages and
administers assets in excess of US$17bn and
also has a presence in Tokyo and Bermuda.
IFG Trust and Corporate Group provides
Trust & Corporate services, Fund Administration and services to the leisure industry in
multiple jurisdictions including Jersey, Isle of
Man, Cyprus, Switzerland and ROI. Established in 1975, the Group was acquired by
Management, backed by AnaCap Financial
Partners in July 2012.
Ian
Moore

Declan
Kenny

America’s
Highest-Paid
Women CEOs

H

ow many women would
you expect to feature in
a list of the 500 highestpaid Chief Executives in
the USA? You are almost
certain to be disappointed
by the true number: just 18 and only
two of them are in the top 100. Of
course, that is not to say that they
working for peanuts. Below are 10
highest-earning women CEOs in the
US in 2012. Their total compensation
was calculated by counting salary and
cash bonuses, vested stock grants
and stock gains – the value realised by
exercised stock options.

1.

IRENE B ROSENFELD, AGE
58 Total Compensation: $25.37

million Rosenfeld

has been CEO of Kraft
Foods for 6 years and
with the company for 6
years. She is ranked 40th
on the Forbes list.

2.

CAROL M MEYROWITZ, AGE 58
Total Compensation: $16.54 million

Meyrowitz has
been CEO of TJX Cos
for 5 years and with the
company for 29 years.
She is ranked 88th on the
Forbes list.

3.

INDRA K NOOYI, AGE 56

4.

ANDREA JUNG, AGE 53

Total Compensation: $13.12 million

Nooyi has been CEO of
PepsiCo for 6 years and
with the company for 18
years. She is ranked 131st
on the Forbes list.

Total Compensation: $12.01 million

Jung has been
CEO of Avon Products
for 12 years and with the
company for 18 years.
She is ranked 141st on
the Forbes list.

5.

PATRICIA A WOERTZ, AGE 59

6.

VIRGINIA M ROMETTY, AGE 55

Total Compensation: $11.50

million Woertz has been
CEO of Archer Daniels
for 6 years and with the
company for 6 years.
She is ranked 146th.
Total Compensation: $10.88 million

Rometty has
been CEO of IBM for
less than six months and
with the company f