ZEDRA Group

What ZEDRA Group does

ZEDRA Group is an independent global professional services firm founded in 2016 and headquartered in Grand Cayman, specializing in trust, fiduciary, corporate, and fund administration services. The firm serves four primary client segments: corporate and business clients (entity management, global expansion, regulatory compliance, accounting, payroll, HR, audit and advisory); fund management companies and general partners (fund accounting, transfer agency, SPV administration, tax, governance); private wealth and high net worth individuals (trusts, foundations, family offices, probate, marine & aviation ownership); and UK pension schemes (professional trusteeship, governance, pension escrow). Additional offerings include employee share incentives, international retirement plans, escrow services, and R&D tax advisory.

The firm operates across 17 jurisdictions in Europe, the Americas, and Asia, employing over 1,400 professionals through directly operated offices. ZEDRA holds multiple regulatory licenses including FCA authorization (UK), JFSC regulation (Jersey), MAS trust license (Singapore), ARIF/FINMA membership (Switzerland), Dutch trust office licensing, SRA regulation, and ICAEW audit registration. Its underlying technology stack is standard enterprise tooling (Office 365, cloud hosting with encryption, next-generation firewall), with a single AI-enabled feature (pension member tracing) developed in partnership with Heka Global.

ZEDRA's revenue model is professional services-based, generating fees from bespoke, quote-based engagements across each service line. Pricing is not publicly disclosed and varies by jurisdiction, service scope, and client complexity. Distribution is direct enterprise sales through locally regulated entities, with a consultative, relationship-driven go-to-market. Growth is principally organic supplemented by an active M&A program, with eight disclosed acquisitions since 2018 including Axelia Partners (US, 2022), Blackstones (Poland, 2024), Gryphon (US, 2024), and RBB Business Advisors (France, 2025). The firm is privately held with no disclosed institutional shareholders.

Name

ZEDRA Group

Legal name

ZEDRA Group

Website

https://zedra.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ZEDRA Group is an independent global fiduciary and corporate services firm, serving corporates, fund managers, high net worth individuals, and UK pension schemes across 17 jurisdictions with over 1,400 professionals under multiple regulatory licenses.

Ownership category

akta.pro rank

Product category

Trust and Fiduciary Services

NAICS

Trusts, Estates, and Agency Accounts (525920), Portfolio Management and Investment Advice (523940), Pension Funds (525110)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industries

Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)

Keywords

• Trust and fiduciary services
• Fund administration services
• Corporate services
• Wealth structuring services
• Pension trusteeship services

Headquarters

HQ city

Grand Cayman

HQ country

Cayman Islands

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Corporate Services Revenue: Fees from entity management, incorporation, regulatory compliance, accounting, payroll, HR & benefits, audit and advisory, share incentives, and international expansion services for corporate clients.
2. Fund Administration Revenue: Fees from fund accounting, reporting, transfer agency/Investor services, SPV administration, tax services, compliance, and governance for fund management companies and general partners.
3. Wealth & Private Client Revenue: Fees from trusts, foundations, family investment companies, family office services, probate, marine & aviation registration and ownership services, investment monitoring, and pension trusteeship.
4. UK Pensions & Governance Revenue: Fees from professional trusteeship, governance and secretarial services, contract-based pensions governance, trustee training, and pension escrow solutions for UK pension schemes.
5. Escrow Services: Escrow arrangement services for transactions and business operations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

ZEDRA is an independent global specialist providing trust, fiduciary, corporate, and fund administration services. It serves corporate clients, fund managers/general partners, high net worth individuals, and UK pension schemes with offerings spanning entity management, fund accounting and reporting, wealth structuring, family office services, professional trusteeship, and escrow arrangements across 17 jurisdictions.

Product overview

ZEDRA is a global professional services provider offering integrated Corporate, Fund, and Wealth solutions. The company operates a multi-service platform organized into four core service lines: Corporate Services (entity management, global expansion, compliance, accounting, payroll, HR, audit, share incentives), Fund Services/Fund Administration (fund accounting, transfer agency, tax, compliance, SPV administration), Private Wealth/Wealth Services (trusts, foundations, family offices, probate, estate planning, investment monitoring), and UK Pensions & Governance (professional trusteeship, governance, pension escrow). Additional specialized offerings include Escrow Services, Marine & Aviation Services, R&D Tax Relief Advisory, and AI-powered pension member tracing. ZEDRA delivers these services across 17 jurisdictions through over 1,400 professionals, positioning itself as a comprehensive partner for businesses and wealthy families managing complex cross-border needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Services

Quantifiable outcome

• ZEDRA's AI tracing solution, developed with Heka Global, successfully traced 50% of applicable members who were previously unreachable by commercial tracing services.

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• RBB Business Advisors (Acquisition)coreOthers · 27 February 2025ZEDRA acquired 100% of RBB Business Advisors, a French audit, consulting, and accounting firm founded in 1982, generating over €5 million in revenue. This marks a major milestone in ZEDRA's expansion in France and strategy to strengthen its corporate services offering.
• Heka GlobalcoreTechnology or Integration · 21 February 2025ZEDRA and Heka Global established a strategic collaboration to launch an AI-powered tracing service for pension schemes. The service aims to reconnect members with lost retirement savings. The collaboration builds on a successful pilot that traced 50% of previously unreachable members.
• GryphoncoreStrategic or Co-development Partner · 11 December 2024ZEDRA joined forces with Gryphon, a leading U.S. fund solutions provider, to expand its fund administration capabilities in the U.S. market.
• Blackstones (Acquisition)coreOthers · 11 September 2024ZEDRA completed its acquisition of Blackstones, a leading Polish corporate services firm with offices across Poland, adding 178 employees. Blackstones provides accounting & reporting, HR & payroll, company formation and corporate services. This brought ZEDRA's headcount to over 1,200.
• Axelia Partners (Acquisition)coreOthers · 10 March 2022ZEDRA acquired US-based Axelia Partners, a company specializing in US expansion services for European businesses, adding 35 professionals and strengthening ZEDRA's US presence.
• Barclays (Legal Matter)minorOthersZEDRA (listed as 'trust company Zedra') is a defendant in a $15 billion amended lawsuit filed in Colorado federal court by Tanya Dick-Stock and her husband, alleging the banks and Zedra enabled money laundering through offshore trusts. This is a legal matter, not a commercial partnership.
• THG (Minority Shareholder)minorOthersZedra Trust Company is a minority shareholder holding approximately 13.2% of THG (The Hut Group) and brought an unfair prejudice petition before the UK Supreme Court challenging alleged conduct by THG's management, including exclusion from a 2016 bonus share issue.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Maples Group: Maples Group is a leading Cayman Islands-based provider of legal, fiduciary, and fund services. ZEDRA's Cayman Islands Funds, Corporate, and Private Client business (led by David Mungall) competes directly with Maples for Cayman-domiciled structures.
• Vistra: Vistra is a global provider of corporate, fund, and trust services with strong Asia-Pacific presence. Ivo Hemelraad (ZEDRA's outgoing CEO) previously served as Global Head of Fund Services at Vistra, and ZEDRA's Singapore trust business and fund administration compete directly with Vistra's offerings.
• Ogier: Ogier is a leading offshore legal and fiduciary services firm with strong presence in the Cayman Islands, BVI, Jersey, Guernsey, and Luxembourg. ZEDRA's Crown Dependencies and Cayman operations compete directly with Ogier's trust and corporate services offerings.
• JTC Group: JTC Group is a global provider of fund, corporate, and private wealth services across multiple jurisdictions, with comparable service pillars and target client base to ZEDRA. Dean Blackburn (ZEDRA's new Group CEO) joined from JTC, and ZEDRA's UK pensions and Crown Dependencies footprint directly overlaps with JTC's core markets.
• IQ-EQ: IQ-EQ is a global investor services group specializing in fund administration, asset servicing, and private wealth. ZEDRA's Fund Services and Private Wealth pillars directly overlap with IQ-EQ's core offerings, particularly for alternative investment fund managers and HNW family office clients.
• Intertrust (CSC): Intertrust, now part of CSC, is a leading provider of corporate, fund, and private wealth services with deep European and Crown Dependencies presence. ZEDRA competes with Intertrust/CSC directly across trust, fiduciary, and corporate services for HNW and corporate clients.
• Walkers: Walkers is an international law and fiduciary services firm headquartered in the Cayman Islands. ZEDRA's Cayman Funds, Corporate, and Private Client business competes directly with Walkers for Cayman-domiciled structures, fund formations, and HNW fiduciary mandates.
• TMF Group: TMF Group is a global provider of corporate secretarial, accounting, tax, HR, and fund administration services across 80+ jurisdictions. Its comprehensive Corporate + Fund service model mirrors ZEDRA's two pillars and competes directly for cross-border corporate clients.

Emerging players

• Waystone: Waystone is a specialist provider of governance, risk, and compliance services to the asset management industry, including fund governance and depositary services. ZEDRA's Fund Services pillar competes with Waystone for fund governance, ManCo, and regulatory hosting mandates, though Waystone is more specialized.

Broad incumbents

• Apex Group: Apex Group is one of the largest global fund administration, corporate, and fiduciary services platforms, formed via the Sanne acquisition. ZEDRA competes with Apex across fund administration and corporate services but at smaller scale, while Apex offers broader asset classes and a deeper technology stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCTRXSetYj9Z1N8BfnB6exDg
• LinkedInlinkedin.com/company/zedra-group
• Instagraminstagram.com/zedra_group/?hl=en
• Xx.com/zedragroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZEDRA Group