Press Release 1 minute read

TMF Group to buy FiduPerú, in deal aimed at expanding LATAM capital markets

27 November 2018

TMF Group, a leading provider of high value business services to clients operating and investing globally, is to buy FiduPerú S.A., a Peruvian trust and fiduciary services specialist.

Established in 2008, FiduPerú S.A. is Peru’s second-largest non-bank fiduciary company.

The acquisition strengthens TMF Group in a country whose economy is widely forecast to grow strongly in the coming years, and will help drive TMF Group’s aim of being the foremost capital markets services provider in Latin America.

Esteban Hilgert, TMF Group’s managing director for Peru, said:

“FiduPerú is a successful and impressive company, and it – and Peru’s capital markets industry more generally – hasn’t yet reached full potential. Our aim is to build on the company’s excellent quality and customer satisfaction and expand capital markets services within both Peru and Latin America.”

Raimundo Díaz, Head of the Americas at TMF Group, said:

“Peru is a key growth territory for our business. We are excited to build on the impressive work by FiduPerú, in the capital markets sector, in both Peru and Latin America more generally. I look forward to seeing how FiduPerú helps us become the leader and market choice for Capital Market Services in the Latin American region providing SPV management, Agency and Trust services"

The investment is the latest in a long string of deals for TMF Group in Latin America, who now employ around 1,800 people across 19 countries in the region.

This transaction is subject to the approval of the Peruvian regulator, the Superintendence of Banks, Insurance and Private Pension Fund Administrators.

 

-ENDS-
For further information, please contact:
Sunita Ghalley
PR and Communications / TMF Group
sunita.ghalley@tmf-group.com / +44 (0)207 832 8954 / +44 (0)782 447 0354
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