Firm has an ‘ambitious expansion strategy’ with plans to create an ‘international’ group
Ludlow Trust has acquired the NatWest Group and Coutts UK trust business for an undisclosed sum.
The firm is backed by the Wickers and Sarikhani families, with three former senior Barclays executives on the board. The management team comprises directors who previously worked at Vistra, Zedra, the Chiltern Group and the Intertrust Group.
Ludlow Trust has been granted “trusted partner” status and will have non-exclusive access to NatWest Group clients to help grow future business.
The company will continue to operate from its bases in London and Bristol, with all staff being retained, while, at the same time, “substantial new capital will be injected” to deliver administration systems and offices.