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Gresham House plc

Jersey administrator bought out by London consultancy

Jersey administration firm Anglo Saxon Trust has been bought out by a London-based asset management consultancy.

MJ Hudson has contracted to acquire AST, subject to regulatory approval.

MJ Hudson says the acquisition will add to its existing operations in Jersey, while helping consolidate a growing pan-Channel Islands business.

MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.