Ludlow Trust Company launches with acquisition of NatWest Group and Coutts trust business

By: www.ludlowtrust.com
 
LONDON - April 8, 2021 - PRLog -- Ludlow Trust company (Ludlow Trust) today announced that it has concluded the acquisition of the NatWest Group and Coutts UK trust business, which will now be relaunched under the Ludlow Trust banner. Ludlow Trust is an independent trust company, backed by the Wickers and Sarikhani families, with three former senior Barclays executives on the board. The management team boasts over 100 years of experience in the industry, with directors having been central to the creation and management of similar successful groups such as 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 twin bases in London and Bristol, with all staff being retained, whilst at the same time substantial new capital will be injected to deliver best in class administration systems and offices.

Genuinely independent trust groups are rare in an industry dominated by private equity and institutional ownership. Ludlow Trust's independence will provide an innovative and fresh platform from which it will be able to service clients and advisers, allowing it to flourish and expand in both existing and new markets. The company's ambitious long-term growth plans sit comfortably in a sector which has recently seen significant consolidation and growth, both domestically and in new overseas markets.

Matthew Wickers, Chief Executive Officer, comments, "The launch of Ludlow Trust will deliver a vibrant new player in the market, one offering a unique combination of innovative flair and fleet-footedness, supported by the heritage and reputation of the two underlying businesses. Longer term, we are planning to expand into the international market, to offer trust and related services to clients globally"

Wickers continues, "Today, the trust industry offers substantial potential for a well-run business. However, challenges exist and we are well aware of these. An increasingly complex regulatory and compliance landscape demands expertise, attention to detail and deep resources to ensure that clients' interests are best served and regulatory requirements met. Our leadership team is well placed to provide the experience and industry expertise that will guide our ambitious growth plans. Meanwhile, the wider team will ensure all-important continuity for both clients and intermediaries, as we move forward."

Ludlow Trust represents a new style of trust company, showcasing best in class processes, a robust commitment to customer service excellence and a progressive, entrepreneurial and dynamic culture.

For more information, please visit www.ludlowtrust.com
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