LJ Group acquires majority stake in CM Skye
The Business Services team at Arrowpoint Advisory is pleased to announce that LJ Group has taken a majority interest in CM Skye as part of the strategic objectives of both firms to develop ever greater strength and depth with which to serve the interests of their clients. Arrowpoint Advisory advised the shareholders of CM Skye including founder, Charles Cain.
Established in 1990, CM Skye is a respected independent professional firm with offices in Switzerland, the Isle of Man and Singapore, from which it provides fiduciary, trust, corporate, financial and related management services centred on the wealth planning, investment and business structuring and administration requirements of private clients, entrepreneurs, investment professionals and their enterprises. The Cain family will remain shareholders and continue their involvement in the business, looking after clients and providing strategic direction, working with LJ Group.
LJ Group is an independent, privately-held multi-family office business, providing merchant banking, investment advisory, family office and now international fiduciary and administration services with offices in London, Geneva, Neuchatel, Lisbon, Isle of Man, Hong Kong, Singapore and Miami, serving a client base that includes individuals, family offices, foundations and sovereign wealth funds.
Charles Cain, Chairman of CM Skye, which will be known going forward as LJ Skye, commented: "This initiative, above all, provides ever more certainty and stability to our business and to the clients we serve, in a time of quite the opposite for many others. CM Skye has grown and developed year after year, never had any debt, and has never been stronger. With LJ Group, CM Skye joins like-minded, high service orientated professionals and together we will be positioned to remain a constant and long term support to our clients, which is and has always been our abiding objective. We are grateful to Arrowpoint Advisory for managing a discrete and effective process. Their advice and experience was helpful and relevant throughout."