Estera

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Estera is a Bermuda provider of corporate, trust, fund and accounting services involved in the Paradise Papers leak and a subsidiary of the law firm Appleby.[1] The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016.[2]

Gary O'Connor, the managing director of Estera Trust (Isle of Man) Limited, was shortlisted for the Institute of Directors Young Director of the Year award in September 2017.[3]

History[edit]

In December 2015, "Appleby Fiduciary Business (AFB)", a Bermuda registered company and a branch of the law firm Appleby, was separated out legally from Appleby (Bermuda) through a management buy out by the private equity firm "Bridgepoint".[4] In April 2016, it changed its name to "Estera", with a new Group managing Director Rory Gorman.[5] The company operates from the same office as Appleby Bermuda, at Canon's court, 22 Victoria street located in Bermuda's capital Hamilton.[6]

The name of the new company was chosen based on inputs from their staff.[7]

Subsequent Acquisitions[edit]

In 2017, Estera acquired Morgan Sharpe (in Guernsey), Heritage financial services group (in Belfast and Malta) and Headstart s.a.r.l (Luxembourg).[8]

As of August 2018, Estera operates through three legal entitites : Estera Services (Bermuda) Limited, Estera Management (Bermuda) Limited, Estera Securities (Bermuda) Limited.[9] The firm also has branches in Cayman islands and Guernsey under the Estera trust (Cayman).[10]

See also[edit]

References[edit]

  1. ^ "Paradise Papers Exposes Donald Trump-Russia links and Piggy Banks of the Wealthiest 1 Percent". Icij.org. Retrieved 7 November 2017. 
  2. ^ "ESTERA - Our history". Estera.com. Retrieved 7 November 2017. 
  3. ^ "Events | IoD". Iod.com. Institute of Directors. Retrieved 7 November 2017. 
  4. ^ "Appleby Fiduciary changes name to Estera". The Royal Gazette. 19 April 2016. Retrieved 14 August 2018. 
  5. ^ "Appleby Fiduciary re-brands as Estera; makes senior appointments". Cayman Funds Magazine. Cayman funds (magazine). Retrieved 14 August 2018. 
  6. ^ "Management Buyout of Appleby Fiduciary Business Completes". Estera. Company press release. 2 January 2016. Retrieved 14 August 2018. 
  7. ^ "Appleby Fiduciary Business rebrands as Estera". We Are Guernsey. 22 April 2016. Retrieved 14 August 2018. 
  8. ^ "Our history and timeline (1890 to 2017)". Estera. Estera official website. Retrieved 14 August 2018. 
  9. ^ "About us - jurisdictions - Bermuda". Estera. Estra official website. Retrieved 14 August 2018. 
  10. ^ "Estera - Cayman". Estera. Official website - Estra. Retrieved 14 August 2018. 

External links[edit]