Based in Luxembourg P.A.L. provides a whole range of corporate services to an international client base.

It is intended that P.A.L. be merged into, and fully integrate with, the existing Luxembourg business, Capita Fiduciary S.A, which is part of Capita Fiduciary Group, a provider of fiduciary services to private, corporate and institutional clients with offices in Luxembourg, Jersey, London, Ireland and the Netherlands.

This is the second acquisition that Capita has made in Luxembourg.  Last July it acquired Fidei Fiduciaire S.à r.l. 

Anthony O’Keeffe, Chief Executive Officer of Capita Fiduciary Group commented “The P.A.L. acquisition further illustrates Capita Fiduciary Group’s commitment to Luxembourg as a key finance centre, providing us with increased scale and enabling us to take on and service the ever increasing new business opportunities arising in Luxembourg.  The acquisition also fully complements our existing business and we look forward to welcoming both staff and clients to Capita.”

Céline Pignon, owner and managing director of P.A.L added “I am delighted that Capita has acquired the business.  This acquisition provides excellent prospects for both staff and clients in terms of additional support and access to an extended service offering in multiple jurisdictions.”

Céline Pignon and all 12 members of staff will transfer to Capita.