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Bachmann’s trust and funds business changes name to Ardel

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Guernsey-based trust company Ardel Holdings has launched as the new name for the Bachmann’s trust and funds business. 

The new name will take effect immediately and has been implemented across the majority of the group’s businesses.

The name change is part of the management buy out process which has seen around 40 of the senior management team become shareholders in the company.

Gerry Williams, chief executive of Ardel, says: “The new brand is the next logical step in the MBO process. With so many of our employees now invested in the company it is natural that our identity should evolve to match our new ownership.

“This company has been built on our solid reputation for independence and expertise, which enables us to be flexible and innovative in providing solutions for our clients. We’re confident that this will continue as we take Ardel forward, and will set the foundation for our ‘buy and build’ strategy, which will see us pursue opportunities for expansion, both in Guernsey and in other jurisdictions.”

The Ardel group of companies has around 100 employees in Guernsey, and also has offices in the UK, Geneva and New Zealand.

The Bachmann brand will not disappear entirely from the island, as elements of the business not involved in the MBO, like the payroll services companies, will keep this name.

Pictured: the Ardel Holdings board of directors: Clive Simon; Lord Razzall; Peter Bachmann; Gerry Williams; Rick Brooks; John Langlois.

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