Wells Fargo Trust Corporation has been acquired by Netherlands-based Intertrust.
The acquisition of the London-based firm by Intertrust, a provider of tech-enabled fund and corporate solutions to clients operating and investing in the international business environment, expands its presence in the aviation finance sector.
Intertrust is expanding its capabilities in preparation for the new Global Aircraft Trading System.
Cliff Pearce, global head of capital markets at Intertrust, said: “We are delighted to announce the acquisition of Wells Fargo Trust Corporation Limited and its portfolio of aviation engagements.
“This transaction significantly strengthens our presence as one of the few global service providers in the aviation finance sector and underlines our wider strategy of pursuing selective and value-enhancing acquisitions to increase scale, complement our existing service offering, and enhance our global footprint and technological capabilities.”