Independent trustee company 2020 Trustees Limited has announced the acquisition of Nottingham-based Alexander Forbes Trustee Services Limited.
The newly combined 2020 brand will service over 100 clients, with assets of under £1m to over £1bn. It will comprise a staff of 23, including 7 actuaries, making it one of the largest professional independent trustee companies in the UK.
Anthony Miller, CEO of 2020 Trustees, said: “Over the last 12 months 2020 has experienced unprecedented growth with over 30 clients and thousands of members now benefiting from our high quality, cost-effective, pragmatic and commercial approach to trusteeship.”
“The acquisition gives greater scale, depth of resource and geographical coverage and provides a significant platform for further growth for the 2020 brand.
“The complementary skills of the two businesses mean we now have experience of clients of all sizes, covering defined benefit and defined contribution designs, straightforward or complex funding and investment strategies, and both healthy ongoing sponsors and those in financial distress. In the longer term this will cement our position as the trustee company of choice for the industry.”