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First Names Group acquires Cains fiduciary business

Date: 03 Jul 2017

Citywealth

Cains is one of the Isle of Man’s principal commercial law and professional services providers, with operations in the Isle of Man and London. Part of the Cains Group, Cains Fiduciaries is based primarily in the Isle of Man and provides fiduciary and accounting services to approximately 150 client groups with assets under administration in excess of ¬£10 billion.

Integration of the two businesses will start in August. Cains Fiduciaries will be fully rebranded to First Names Group and the team will join their new colleagues in First Names House.

Craig Brown, managing director of First Names Group in the Isle of Man, commented: “This deal marks a significant milestone, both in terms of our local operations and our international Group’s long-term strategic growth plans. It also represents the latest stage of a long journey with Cains, with whom we have worked closely for decades to deliver the highest quality of services and solutions to our mutual clients. Our acquisition of Cains’ fiduciary business constitutes a real meeting of minds and I am excited to see what the future holds for First Names Group and for our continuing relationship with Cains the law firm.”

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