Our History

Minerva was established in Jersey in 1977 making it one of Jersey’s oldest independent trust, fund and corporate services companies. Over the last 40 years, the group has grown and 170 professionals are now employed in Minerva offices in key locations around the world.

We value this independence greatly as it ensures those institutions providing banking, investment and other services to our clients are selected with impartiality and solely on the basis of their ability to meet individual client needs.

Minerva’s roots are grounded in two successful Jersey trust and corporate services providers: City Management Limited and Kingsridge Trustee Company Limited, the founding families of both of which remain very much involved in the Minerva group as it exists today.

Although both companies had a diverse global client base, they shared a specialism in serving the needs of the Indian diaspora. In City Management’s case, it was clients with strong ties with the Indian sub-continent and for Kingsridge, clients with similar ties to Sub-Saharan Africa. This overlap, and the cultural understanding accompanying it, led to the merger of City Management and Kingsridge which created Minerva in 2001.

Minerva’s expansion overseas was a direct response to client requirements and by the time of the merger, our presence in Jersey was complimented by offices in Mauritius and Geneva. This consciously placed the group in jurisdictions offering specific benefits to our clients, with each office playing an important role in structuring clients’ investments in to, and out of our key markets of Sub-Saharan Africa, Asia, GCC, Europe and the United Kingdom.

In 2006 Minerva acquired Professional Trust Company Limited, a Jersey centred trust and corporate services company. Professional Trust’s clients were more European in origin so further broadened the groups’ client base and extended its range of services.

Further overseas expansion followed and in 2012, offices were opened in Singapore and Nairobi. With its reputation, access to tax treaties and highly developed financial services infrastructure, Singapore was ideally located to support our growth in Asia. Opening an office in Nairobi positioned us in the financial centre for the fast-growing economies of East Africa. These moves made Minerva one of just a handful of corporate and private client service providers capable of satisfying a wide range of client needs in both Asia and Africa.

Kenya has always been firmly embedded in the DNA of the Meghraj family, the founders of Kingsridge Trustee Company, so the opening of the Nairobi office saw the family return to its roots.

Minerva remains headquartered in Jersey under the ultimate control of a group managing director, although each Minerva office is managed locally yet thinks globally as part of Minerva’s cross jurisdictional approach to serving clients’ needs.

Our move to new Jersey premises in 2018 brings our history up to date and we look to the future with the confidence that comes with knowledge and experience. 

1977

City Management Limited established in Jersey

1979

Kingsridge Trustee Company Limited established in Jersey

1996

Mauritius office opened

1998

London office opened

2001

Minerva Group created by merger of City Management and Kingsridge Trustee Company

2001

Geneva office opened

2006

Minerva acquires Professional Trust Group

2007

Dubai office opened

2012

Nairobi office opened

2012

Singapore office opened

2013

Minerva Legacy Project launched

2013

Female Focus launched

2014

Meghraj Capital LLP created as joint venture between Minerva and Meghraj in London

2016

Minerva Jersey receives eprivateclient Top 35 Trust Company accolade

2017

Minerva Jersey receives eprivateclient Top Trust Company accolade

2017

Minerva Jersey commits to new premises for Jersey HQ, occupation June 2018 

“Thank you so much for your marvellous efficiency and dedication to work. I have to say you not only make yourself but also Minerva shine.”

Private client, India