Gold Magazine January - February 2014, Issue 34 | Page 72

companies

{business}

First Names
Group
acquires
Citadel

L

The company completes its third acquisition of 2013.
Morgan Jubb

eading international trust, fund
and corporate service provider First
Names Group has
completed a transaction to purchase
Citadel Services
PSF Sàrl in Luxembourg.
The acquisition
of Citadel is the Group’s third acquisition this year and will provide the
Group with a much-sought-after presence in Luxembourg. Earlier this year
the Group bought international fund
business Moore and trust and corporate
service provider Basel, providing it with
a greater global presence and increased
headcount to 460 ‘First Names’ across
nine strategic locations. 
Established in 1984, Citadel is an
administration organisation offering
corporate services from consultancy to
accounting and covering aspects of international tax planning, company and
trust formation, and ongoing administration for all associated structures.
Citadel and its team will begin operating under the new brand in the second

quarter of 2014. The Managing Director
of Citadel, Simon Baker commented:
“I am very impressed with First Names
Group; it has a fantastic reputation and
it has been a pleasure working with those
involved on this transaction. It is a really
exciting time for Citadel; the acquisition
will integrate the business in to a much
larger Group and present mutually beneficial opportunities for the future.”
Morgan Jubb, Chief Executive Officer at
First Names Group, further noted:
“We have achieved a great deal in the
last 12 months and our expansion into
Luxembourg is a natural progression as we
have been keen to gain a strategic presence
there for some time. Citadel is a first step
towards us gaining a significant presence
in Luxembourg to enable us to provide
trust, fund and corporate administration services out of this jurisdiction. The
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