Expanding global specialist wealth manager Zedra is to acquire LJ Fiduciary and Alvarium Private Office (APO), a private client firm with offices in the Isle of Man, Geneva and the UK.

LJ Fiduciary and APO will be rebranded and merged into the Zedra Group.

The transaction is subject to regulatory approval.

The cost of the deal has not been disclosed.

LJ Fiduciary and APO provide global private client and corporate administration services.

Zedra says its latest acquisitions will enhance its strategy in the active wealth and corporate services sector. The company aims to become an “international leader” in active wealth, corporate and global expansion, fund services and pensions and incentives.

The deal will see Zedra welcome 59 employees who have been providing trust, corporate, marine and aviation and family office administration services.

The acquisition boosts Zedra’s global headcount to more than 1,000 working in 16 countries spanning Asia, Oceania, the Americas and Europe.

Ivo Hemelraad, CEO at  Zedra, said: “We are delighted to welcome the team from LJ Fiduciary and APO. The combined extensive experience and knowledge will be a great asset as we look to further grow our footprint and our capabilities.”