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6th December 2017, 20:23

GSX acquires largest fund administrator in Gibraltar

GSX, the Gibraltar Stock Exchange has acquired Grant Thornton Fund Administration Limited and GT Fiduciary Services Limited. The Company says the acquisition of the largest fund administrator in Gibraltar, as well as of a fiduciary and corporate services provider will expand the Group’s product offering and develop its financial services and fintech ecosystem.

It’s part of an expansion plan which includes the launch of GBX, the Gibraltar blockchain Exchange.

Freddie White, Managing Director of Grant Thornton Gibraltar says he’s delighted with the sale of the company management and fund administration businesses. He told GBC that having grown these companies to their current position the disposal will allow them to develop further while Grant Thornton continues to grow its existing service lines of accountancy, audit, tax and insolvency.