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IQ-EQ, an Astorg portfolio company, is pleased to announce that it has signed terms to acquire Concord Trust Company ("Concord"), a leading independent U.S. based trust company, headquartered in South Dakota and with offices in South Dakota and New Hampshire. This transaction remains subject to state regulatory approval from the South Dakota Division of Banking.
This strategic transaction, the first for IQ-EQ in the U.S. Private Wealth space, adds further strength and depth to IQ-EQ's growing U.S. operations and provides a well-established entry point to promote IQ-EQ's globally renowned Private Wealth business to the highly attractive U.S. Private Wealth market. It follows closely on from IQ-EQ's successful acquisitions of U.S. based Constellation Advisers LLC ...
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