Zedra has acquired Quaestum Corporate Management Ltd, an independent financial services and corporate management firm based in Malta.
The global independent specialist in trust, corporate and fund services acquisition said in a statement that the current management of Quaestum, will remain on board, adding what it calls "a wealth of knowledge and extensive experience" within the Maltese market.
Jan Stockhausen, who will assume the role of managing director, Zedra Malta, said that joining forces with a company who "shares our philosophy" was his top priority when looking at the sale of the business.
"Like Zedra, Quaestum has a solid reputation for providing straight forward, results-driven advice for our clients," he said. "Therefore, I am delighted that together we will work to ensure the very best for those whom we are here to serve."
Niels Nielsen, chief executive, Zedra, said that Malta is a "key element" in the company's strategy and is now "firmly established" as a widely respected and highly attractive business environment for the industry.
"Legal and accounting expertise is well developed, all the major international legal and accounting practices have a presence there and the labour force is widely regarded as one of the most skilled and versatile in Europe, offering well trained, multilingual specialised and administrative staff," said Nielsen.
Ivo Hemelraad, group director corporate, funds & legal at Zedra, said: "Our business is well positioned to capitalise on many attractive growth opportunities within the region and are very confident this acquisition will further enhance the full range of services we already have to offer."
Founded in 2012, Quaestum is an independent fiduciary services firm employing a team of industry professionals with experience in different areas of consultancy and financial services.
The firm will be merged into Zedra's increasing network of global jurisdictions, which currently stands at 13, including Jersey, Guernsey, the Isle of Man, Luxembourg, The Netherlands, Cayman Islands, New Zealand, Hong Kong, Netherlands, Singapore, Miami, the UK and Switzerland.