Estera, a global leader in corporate, funds and trust services, has announced that Estera Law (Cayman) Limited’s (formerly U Law Limited) Anti Money Laundering (AML) services portfolio will be consolidated into Estera Trust (Cayman) Limited following the business affiliation relationship which was announced last month (https://estera.com/news/estera-launches-legal-services-in-bermuda-and-cayman.aspx).
The expansion of AML services further extends Estera’s strategic capability in the Cayman Islands and adds AML compliance officer services, money laundering reporting officer services and deputy money laundering officer services with essential local expertise.
Estera Trust (Cayman) Limited has a dedicated team of professionals who are able to provide specialised AML services with specific knowledge of the Cayman Islands regulatory regime; the consolidation of AML services will allow Estera to further broaden and deepen relationships with clients in the Americas, Bermuda, the Cayman Islands and Hong Kong.
“We are extremely pleased to announce the consolidation of AML services in the Cayman Islands”, said James Maitland, Regional Head of Americas, Bermuda and Caribbean at Estera. “This move bolsters our capabilities, particularly in the regulatory services space, and provides further solutions for our valued clients.
“Adding capabilities as the business builds scale globally is further evidence of Estera’s commitment to respond to the growing needs of the markets and the clients that we serve. The expansion further demonstrates our commitment not only to the Cayman Islands, but to our clients everywhere.”
Kendra Foster, Managing Partner of Estera Law (Cayman) Limited said: “We are delighted to be working with the Estera Group to consolidate AML service offerings and enhance the legal service offering of Estera Law.
“It is truly an exciting time to join Estera’s multi-national network as we continue to attract talent to the team, build relationships with clients and intermediaries and enhance the legal service offerings of Estera Law.”
Estera Law provides legal services in the Cayman Islands aligned to clients’ individual objectives and preferences. Estera Law (Bermuda) Limited provides equivalent legal services in Bermuda. Combined, both the Cayman and Bermuda office legal services cover a number of practice areas such as corporate and commercial, regulatory, insurance and investment funds.
In the Cayman Islands, Estera has an enviable reputation for delivering a full range of corporate, fund and fiduciary services.
On 19 July it was announced that Inflexion Private Equity will acquire Estera, subject to regulatory approval. Following completion, Estera will be merged with Inflexion’s existing portfolio company, Ocorian, to form a global corporate service and fund administration leader of significant scale. The combined business will be a major global player with offices in 18 key offshore and onshore jurisdictions, over 1,250 employees and which will serve over 8,000 clients.