13 05 2016

OTAP acquires Carey Group's international pensions business

Overseas Trust and Pension Limited (OTAP) has reached an agreement with Carey Group to take over Carey's international pensions business, Carey Pensions and Benefits Limited (CPBL).


The acquisition gives OTAP greater scale and capability, making them one of the largest pension providers in Guernsey and accelerating their development into the corporate pensions and benefits market. The acquisition comes four years after OTAP acquired Kleinwort Benson’s Guernsey-based pensions business. OTAP was founded in 2008 as Overseas Pensions to meet rising demand for Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non UK Pension Schemes (QNUPS). Fladgate LLP advised Overseas Trust and Pension Group on the acquisition with a team led by corporate partner Marc Sosnow (picture), assisted by associate Yulia Leyko. Involved fees earner: Yulia Leyko - Fladgate LLP; Marc Sosnow - Fladgate LLP;

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