10th July 2019
IQ-EQ is proud to announce that it has been recognised as a Tier I trust company in the eprivateclient Top Trust Companies listing for 2019. This represents the Group’s first major private wealth accolade since its global rebrand in March.
The Top Trust Companies list provides comprehensive details of the leading fiduciary service providers for private clients across the globe. According to eprivateclient, “the tiers are not based on size alone but on reputation, quality of service, how the firms have fared in the past 12 months, any M&A activity, as well as the extent of their global offering.”
The annual ranking took on its current form in 2017, having previously been titled ‘Top 25 Trust Companies’. For 2019, eprivateclient has sought to give readers an even more detailed examination of the top firms by dividing them into two groups: smaller independent trust companies, and those that are either bank-owned, private equity-backed or listed. IQ-EQ falls into the latter category and is one of just 11 firms to make the top tier.
While IQ-EQ is a new name for 2019, legacy brand First Names Group was previously no stranger to the list, having been included in Tier I in both 2017 and 2018 and prior to that featured among eprivateclient’s Top 25 Trust Companies for six years running.
Speaking about the news, IQ-EQ’s Group Head of Private Wealth, Steve Sokić, said:
“This past year has been one of exceptional growth and transformation for our Group. Back in early 2018 we were less than one third our current size and heavily focused on corporate and fund administration. Today, our private wealth segment is growing faster than that of our competitors and makes up a larger percentage of our business.
“Being included in the top tier of eprivateclient’s 2019 listing is a welcome testament to how far we’ve come in a very short space of time. We have ambitious plans for the future, which include further strengthening our private wealth offering globally. Considering what we have achieved in the last 12 months I am excited to see what we can achieve by this time next year.”