News / 30 October 2017
Crestbridge targets Middle East growth as firm completes Bahrain office rebrand
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 licensed 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 Sharia’a 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.
Naser Obaid said: “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’s 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.”
Crestbridge’s office in Bahrain is based in prestigious business premises located at the Bahrain World Trade Center, Manama, Kingdom of Bahrain.