Intertrust Group

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Dutch corporate management service company

title: "Intertrust Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-1952", "financial-services-companies-of-the-netherlands", "companies-based-in-amsterdam", "2022-mergers-and-acquisitions"] description: "Dutch corporate management service company" topic_path: "geography/netherlands" source: "https://en.wikipedia.org/wiki/Intertrust_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Dutch corporate management service company ::

::data[format=table title="Infobox company"]

FieldValue
nameIntertrust Group
logoIntertrust Group logo.svg
typeSubsidiary
foundation
locationAmsterdam, Netherlands
key_peopleShankar Iyer (CEO), Rogier van Wijk (CFO), Hélène Vletter-van Dort (Chairperson Supervisory Board)
industryProfessional services
num_employees3,500
net_income_year2017
profit€139.5 million
revenue_year2017
revenue€485.2 million
locations41
parentCorporation Service Company
website
::

| name = Intertrust Group | logo = Intertrust Group logo.svg | logo_size = | type = Subsidiary | foundation = | location = Amsterdam, Netherlands | key_people = Shankar Iyer (CEO), Rogier van Wijk (CFO), Hélène Vletter-van Dort (Chairperson Supervisory Board) | industry = Professional services | num_employees = 3,500 | net_income_year = 2017 | profit = €139.5 million | revenue_year = 2017 | revenue = €485.2 million | locations = 41 | parent = Corporation Service Company | website =

Intertrust (formerly Intertrust N.V.){{Cite news | url = https://www.reuters.com/article/netherlands-intertrust-ipo-idUSL8N12F1BD20151015 | title = Intertrust begins trading at 15.50 euros | date = 2015-10-15 | newspaper = Reuters | access-date = 2016-02-26

Intertrust's origins date back to the incorporation of NV Trust Corporation Pierson, Heldring & Pierson in 1952.

Intertrust has locations in North America, South America, Europe, Asia and the Middle East, but most of its revenue stems from a small number of tax havens. The company is listed on Euronext Amsterdam Stock Exchange.{{Cite web | url = https://www.euronext.com/nl/news/euronext-amsterdam-welcomes-intertrust | title = Euronext Amsterdam welcomes Intertrust Euronext | website = www.euronext.com | access-date = 2016-02-26

History

In 1952, NV Trust Corporation Pierson, Heldring & Pierson was incorporated in Curaçao by Pierson, Heldring & Pierson. In 1975, AMRO Bank acquired Pierson, Heldring & Pierson and ABN Bank acquired Mees & Hope Bankers. After the merger of ABN Bank and AMRO bank into ABN AMRO in 1991, Pierson, Heldring & Pierson and Mees & Hope Bank were merged into MeesPierson in 1993. The trust and corporate management services activities were branded as MeesPierson Trust.

In 1997, MeesPierson was acquired by Fortis. In 2002, MeesPierson acquired Holland Intertrust Corporation and rebranded as MeesPierson Intertrust. The company adopted its owner's name in 2006 and rebranded as Fortis Intertrust.

In June 2009, Fortis Intertrust was rebranded as Intertrust. It was sold to Dutch investor, Rob Thielen's, Waterland Private Equity Investments for a reported price of either €210 million or €250 million.

In December 2012, Blackstone Group announced that it would acquire Intertrust from Waterland Private Equity Investments, which was completed in April 2013. Reports stated that Blackstone paid €675 million for Intertrust.

Intertrust held its initial public offering in September 2015 in Amsterdam, expecting to raise €475 million. In October 2015, shares of Intertrust N.V. started trading on the Euronext Amsterdam Stock Exchange at an issue price of €15.50 per share. In total, Intertrust's IPO raised about €486 million. The company's profits decreased from €6.3 million in 2014 to €2.6 million in 2015 due to increased competition on the Cayman Islands.

In November 2022, the US-based Corporation Service Company (CSC) completed its acquisition of Intertrust for $2 billion.

Acquisitions

In June 2013, Intertrust announced that it would acquire ATC for $397 million, which was completed in December 2013. In June 2015, Intertrust announced that it would acquire CorpNordic, which was finalised in August 2015. In 2016, the company announced that it would acquire Elian for $625 million in cash, shares and debt.

In June 2019, Intertrust announced the acquisition of technology solutions provider Viteos.

Activities

Intertrust is headquartered in Amsterdam, Netherlands. The company's operational offices are in the Netherlands, Luxembourg, the Cayman Islands, Jersey and Guernsey. It has other locations in North America, South America, Europe, Asia and the Middle East, totaling 41 offices in 30 countries. The company manages the administration of some 40,000 "entities", nominally housed at its Dutch offices.

References

References

  1. (7 December 2020). "Intertrust announces the nomination of Shankar Iyer as CEO". www.intertrustgroup.com.
  2. "Intertrust sluit roerig 2017 af met winst- en omzetgroei". [[Telegraaf]].
  3. (2010). "Worldwide Business Tax Facts 2010/11". CCH Australia Limited.
  4. (7 December 2020). "Intertrust announces the nomination of Shankar Iyer as CEO". www.intertrustgroup.com.
  5. (3 July 2012). "Intertrust acquires Walkers Management Services". Hedge Week.
  6. (14 October 2015). "Waarom het gesloten Intertrust nu de ramen openzet". NRC Handelsblad.
  7. "Historisch Archief". ABN AMRO.
  8. Du Bois, Martin. (23 December 1996). "Fortis Acquires MeesPierson For $1.43 Billion from Amro". Wall Street Journal.
  9. (22 May 2006). "Meespierson Adopts Fortis Intertrust Name". IOM Today.
  10. (4 September 2009). "Rob Thielen (Waterland) koopt Fortis Intertrust".
  11. Smits, Henk Willem. "Fortis Intertrust was een koopje voor Waterland".
  12. (5 December 2012). "Blackstone buys Dutch trust firm Intertrust". Reuters.
  13. (14 October 2015). "Gesloten Intertrust moet de ramen nu wel openzetten". NRC Handelsblad.
  14. (8 December 2012). "Blackstone neemt Intertrust over". [[de Volkskrant]].
  15. De Jong, David. (21 September 2015). "Blackstone's Intertrust Expects to Raise $537 Million in IPO". Bloomberg Business.
  16. Reijn, Gerard. (10 February 2016). "Maatregelen tegen belastingontwijking gaan multinationals geld kosten". De Volkskrant.
  17. Owens, Jacob. (9 November 2022). "CSC closes $2B Intertrust acquisition".
  18. (2022-11-07). "CSC Finalizes Acquisition of Intertrust Group".
  19. "Intertrust Group Holding SA to acquire ATC Group BV". International Law Office.
  20. "Intertrust completes acquisition of CorpNordic". EU Bankers.
  21. Sterling, Toby. (6 June 2016). "Dutch Trust Operator Intertrust Buys Elian for 435 Million Pounds". Reuters.
  22. (2019-06-20). "Intertrust acquires tech solutions provider Viteos for $330 million".
  23. (12 December 2016). "Intertrust announces rebranding Elian". GlobeNewswire.
  24. (13 October 2015). "Aantal brievenbusbv's in Nederland blijft groeien". De Volkskrant.

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financial-services-companies-established-in-1952financial-services-companies-of-the-netherlandscompanies-based-in-amsterdam2022-mergers-and-acquisitions