Caledonian Global Financial Services Inc., a financial services provider in the Cayman Islands, announced today that it completed the sale of its wholly owned subsidiary, Caledonian Global Fund Services Limited, to Circle Partners.
Management and staff at Caledonian are in full support of this transaction and have worked with senior management of Circle Partners in realizing this transaction. Clients will be serviced by the teams they work with today and a smooth integration process is therefore expected to take place during the remainder of this year. The legal entities involved will undergo name changes and will henceforth operate under the Circle Partners brand and trade name.
Keith Schult, who heads up the Orlando office commented: “Our teams in Orlando and Grand Cayman are excited to be part of Circle Partners and greatly anticipate working with our new colleagues. This will give us the opportunity of expanding further into the Americas, broadening offering and learning from each others’ businesses”.
“With this sale, Caledonian Global Financial Services is better positioned to focus on its core
businesses of banking, brokerage, wealth management and fiduciary services.” Said CEO Kobi Dorenbush.