 | |
| Industry | Professional services |
|---|---|
| Founded | 2015  |
| Fate | Merged with Ocorian (2020) |
Estera was a global provider of corporate, trust, fund and accounting services. The company was created following a management buyout of the fiduciary group of Appleby. It rebranded as Estera in April 2016.[1] In February 2020 Estera merged with Ocorian.[2]
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".[3] In April 2016, it changed its name to "Estera", with the Group Chief Executive Officer being Farah Ballands.[4]
Estera employed 550 people and had offices in 11 jurisdictions: Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Hong Kong, Isle of Man, Jersey, Luxembourg, Malta, Mauritius, United Kingdom.[5]
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.[6] In July 2019, it was announced that Estera would be merged with Inflexion Private Equity's company Ocorian.[7]
The name of the new company was chosen based on input from staff.[8]
Estera was involved in the Paradise Papers leak.[9]
In 2017, Estera acquired Morgan Sharpe (in Guernsey), Heritage financial services group (in Belfast and Malta) and Headstart s.a.r.l (Luxembourg).[10]
