Saturday 04, November 2017 by Jessica Combes

Crestbridge completes rebrand of Bahrain office

 

Independent trust, fund and corporate services provider Crestbridge has completed the rebranding of its Bahrain office to formally bring it within the Crestbridge Group as the firm embarks on its growth strategy across the Middle East. 

Crestbridge had initially announced its acquisition of Ohad Trust B.S.C (c) (‘Ohad’), a leading Manama-based trust, fund and corporate services provider and the first licenced provider of trust services in Bahrain, earlier this year. The move gave Crestbridge its first established presence within the Gulf Corporation Council (GCC), with regulatory consent for the acquisition being granted by the Central Bank of Bahrain in March.

Through the firm’s new Manama office, which complements its existing network of offices in Jersey, London, Luxembourg and the Cayman Islands, Crestbridge will look to build on Ohad’s reputation as a market leader in Shari'ah-compliant and Islamic Finance products and Private Investment Undertakings (PIUs) to provide a range of administration, accounting, reporting and trustee services to funds, corporates, UHNWI and family office structures. 

Led by Directors Naser Obaid and Graham Journeaux, with the support of Associate Director Michael Pankhurst and Acting Associate Director Ahmad Al Najjar, Crestbridge in Bahrain will service a broad range of multi-jurisdictional structures holding both GCC and international assets.

“This latest move formalises our transition to become part of the Crestbridge Group. We are hugely excited about the potential of our proposition in Bahrain and the wider Middle East region, where the Crestbridge name is already highly-regarded as a quality service provider. there is undoubtedly a rising demand for high value, sophisticated support across the private wealth, family office, funds and corporate space in the region in relation to both domestic and international assets. Our knowledge, expertise and global network of offices means we are extremely well placed to meet those needs from Bahrain,” said Obaid.