Suntera completes Carey acquisition

Tuesday 08 August 2023

Suntera Global has completed its acquisition of Guernsey-based boutique fund, corporate and private wealth services provider Carey Commercial Ltd after receiving regulatory approval.

The deal was announced in May with Suntera saying it would benefit it's expansion within key growth markets.

Carey has provided a broad range of professional, administrative and accounting services to a prestigious portfolio of fund managers, large institutions, UHNWs and Family Offices around the globe for more than four decades.

Its Corporate and Private Wealth offering was said to complement Suntera’s existing Guernsey service, while its fund administration division adds Guernsey as a new tier one fund jurisdiction for Suntera.

David Hudson, Group CEO, Suntera Global, said that tier one status is key for his firm.

"I’m now excited to welcome the hugely impressive team at Carey to the Suntera Global family as together we continue to build a high-quality business spanning the fund, corporate and private wealth sectors through Guernsey, a strategically important jurisdiction,” he added.

Jim Gilligan, Managing Director of Carey, said there was a clear alignment of culture between the two firms which led to the deal being completed “seamlessly.

“We are excited now to be joining the Suntera Global team as we focus on our growth journey and on delivering a comprehensive, high-quality and truly international service to clients.”

Pictured (top): David Hudson.