Jersey-based Garfield-Bennett will expand Summit Group’s international footprint and referrer base, enhance its service offering to clients, and create more opportunities for its team to develop and grow.

Matt Claxton, CEO, Summit Group, said: “This is another important step on our journey to build a leading multi-jurisdictional private client trust business. William Bennett and the team in Jersey share our values and commitment to providing personalised, professional and high-quality service to clients. I am delighted to welcome Garfield-Bennett into the Summit Group.”

Sovereign Capital Partners supported the MBO of Summit Group in 2020. Alex Hay, Partner, said: “Garfield-Bennett joining the Summit Group is a significant milestone in our 'Buy & Build' strategy. It will strengthen Summit Group's position in the international private client trust industry, as well as enhance and expand its service offering.”

For further information please contact:

Tom Allchorne, Head of Marketing & Communications, tomallchorne@sovereigncapital.co.uk

Notes to editors:

About Sovereign Capital Partners

Sovereign is a specialist investor that focuses on partnering talented management teams and high-quality businesses, in specific service-based sectors, to deliver accelerated growth both in the UK and internationally. We do this through our proven strategy of Buy & Build. Whether through organic growth, acquisition or a combination of both, we provide strategic investment and look for innovative ways to create not just value, but businesses we’re truly proud of. Sovereign Capital Partners LLP is authorised and regulated by the Financial Conduct Authority. Find out more: www.sovereigncapital.co.uk

About Summit Group

Summit Group is a leading independent fiduciary and administrative services group. We specialise in providing trusted fiduciary and administrative services with a focus on tailoring solutions to help our clients grow, protect and pass on their wealth. Our expertise in trust and company services ensures continuity in an increasingly complex world, and our independence allows us to act impartially and in the very best interests of our clients.

About Garfield-Bennett

Garfield-Bennett was established in Jersey in 1995 as Garfield-Bennett English Solicitors. In 2004, Garfield-Bennett Trust Company Limited was established to take over the administration of the trust and company services.

Since then, Garfield-Bennett has become one of the most reputable and trusted providers within the Jersey finance sector, evidenced through a multi-national and diverse client base. With significant experience in establishing and managing various structures, their clients range from corporate, High Net Worth individuals, families, and institutional clients.