Private equity firm Corsair Capital has had its majority investment approved by all relevant regulatory authorities in global fiduciary services provider Zedra. The transaction, which was first announced on November 28, 2018, has been approved by all relevant regulatory authorities.

Bart Deconinck, who was previously chief executive of Intertrust and was a founder of Vistra before going on to co found Zedra four years ago, has been appointed group executive chairman. In addition, Ivo Hemelraad, formerly Zedra group director - corporate funds & legal, will assume the role of group chief executive officer.