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AfricaMoney | September 22, 2017

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Merger of Utilis Corporate Services Ltd with Safyr Wealth Services Ltd and SAFYR Engineered Tax Services Ltd

Merger of Utilis Corporate Services Ltd with Safyr Wealth Services Ltd and SAFYR Engineered Tax Services Ltd

Utilis Corporate Services Ltd, a Management company that specialises in fund administration and capital market transactions has merged with Safyr Wealth Services Ltd and SAFYR Engineered Tax Services Ltd.

The new entity, SAFYR UTILIS LTD, has received all regulatory approvals and has been operational since 1st July 2016.

According to Reshan Rambocus, Chief Executive Officer of SAFYR UTILIS LTD: “We operate in a very dynamic environment and I am confident that the merger will result in significant synergies that will benefit our people and broad range of clients whilst strengthening our ability to invest in expanding our regional footprint as we get even closer to our clients. Just as importantly, it will deepen our expertise in a number of key service lines such as international taxation and reinforce our capital market expertise with further equity listing in our pipeline.”

The Chairman of SAFYR UTILIS LTD, Deva Marianen explained: “The African continent remains our passion, and we are now excited, as SAFYR UTILIS LTD, to consolidate our position in our traditional markets whilst tapping the significant potential that the complementarity of our expertise will undoubtedly unlock for our clients and us.”

About SAFYR UTILIS LTD

The SAFYR UTILIS LTD Group of companies is a financial services group headquartered in Mauritius, structured around three main pillars, namely;  Fund Administration and Support Group, Wealth Structuring and Administration Group and Capital Markets

 

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