OUR HISTORY
PERSONAL SERVICE, INTERNATIONAL APPROACH
trust and pensions services in Europe for private clients,
their businesses and their families.
OUR VISION
STM Group PLC was formed as a strategic investment company specifically to build a leading financial services group operating in the international corporate and trustee service provider (CTSPs) sector. This is being achieved through acquiring, consolidating and growing high-quality existing CTSPs which offer complementary products and services and that operate from complementary jurisdictions.
STM Group Plc was formed as a strategic investment company specifically to build a leading financial services group operating in the international corporate and trustee service provider (CTSPs) sector. This is being achieved through acquiring, consolidating and growing high-quality existing CTSPs which offer complementary products and services and that operate from complementary jurisdictions.
OUR DEVELOPMENT
Fidecs Group SA (Luxembourg Company) was founded in 1989. It was the acquisition vehicle (and subsequently the Group holding company) for an MBO of Fidecs Consulting S.A. – a legal, tax and accountancy firm based in Sotogrande, Spain.
The principal operation of Fidecs Consulting S.A. (now STM Nummos) continues to be the provision of legal, tax and financial advice, as well as other sub-services, to high net worth expatriates investing in, or physically moving to, Spain.
By 1990, the quantity of international business generated by the Spanish office, largely in the fields of trusts and managed companies, necessitated the group establishing its own client service office in Gibraltar. Two main subsidiaries were established in Gibraltar to hold and administer clients’ assets; Fidecs Trust Company Limited and Fidecs Management Limited.
The Group grew rapidly, following a strong level of new business referrals from independent professional intermediaries, mostly based in the UK and Northern European countries. In 1996, the Gibraltar office was appointed as the Gibraltar member firm of the BDO International network of independent accountants and business advisers (the fifth largest global network). BDO required the group to offer audit and accountancy in addition to its existing services. BDO Fidecs Chartered Accountants was subsequently incorporated (this company is not included in the reorganised Group).
Our corporate structure is designed to allow the management of each of our operating divisions a high degree of autonomy, but within a single group-wide code of governance and a high level of client service, common to all divisions.
COMPANY HISTORY
In 1997, the Group was further expanded following the appointment of Alan Kentish, a Chartered Accountant and an Associate of the Chartered Insurance Institute, who founded Fidecs Insurance Management, now a major contributor to the Group’s profitability.
2007 was a transformational year for Fidecs. On 28 March 2007, Fidecs Group was acquired by STM Group plc. which was admitted to the London Stock Exchange’s AIM market (AIM:STM), on the same day. Fidecs was renamed STM Fidecs.
The STM Group then set about its stated objective of growing both organically and via acquisition. In June, STM acquired Gibraltar based Atlas Group and, in August, acquired Parliament Corporate Services, also based in Gibraltar. Both of these businesses and all the staff have been successfully integrated into STM Fidecs.
In December 2007, STM made its first acquisition outside Gibraltar, buying Compagnie Fiduciaire Trustees, a fully licensed trust company in Jersey.
STM operates a number of other complementary divisions, the largest of which is Tax and Financial Advisory. The division has built, and is cultivating, a broad base of professional intermediaries, reducing STM’s dependence on any particular network.
PENSION DIVISION
The Pensions division was launched during 2007 and has immediately established a reputation as the specialist pension advisers and administrators in Gibraltar.
The re-establishment of STM Nummos, the Group’s Spanish subsidiary was completed during 2007 following the acquisition of the balance of the outstanding shares in the previous year. STM Nummos’ business is the provision of legal, including conveyancing, tax planning, tax and accounting compliance services to expatriates.
Our corporate structure is designed to allow the management of each of our operating divisions a high degree of autonomy, but within a single group-wide code of governance and a high level of client service, common to all divisions. We share best practice and experience throughout the Group, but avoid duplication of overheads by sharing such matters as treasury, risk management and, I.T. systems.
Our Group management agrees clear objectives with each divisional board and they are then left to get on with their business, reporting on a monthly basis.
At all times, we aim to fulfil our mission statement of being a professional services organisation serving the needs of international private clients, their businesses and their families.
ABOUT STM GROUP
In June and August 2007 STM Group Plc. acquired two Gibraltar based CTSPs, the Atlas Group of Companies and Parliament Corporate Services Limited, the acquisition of which further consolidated STM's position as one of the largest Trust and Company managers in Gibraltar.
In December 2007 the Group expanded into the Channel Islands with the purchase of Compagnie Fiduciaire Trustees Limited, this was followed in June 2008 with the acquisition of the St George Financial Services Limited based in Jersey.
In November 2010 our Malta office opened for business, followed in 2012 with the opening of our Cyprus office, meaning that the Group now has offices in five jurisdictions. This international presence ensures the STM Group of companies are in a position to offer you the best range of products covering a multitude of jurisdictions.
"Listed on the London Stock Exchange‘s AIM market, STM Group PLC was formed specifically to build a leading financial services group. "
STM Group PLC