Appleby Offers Fiduciary Services From Guernsey
Thursday, July 8, 2010
Following approval by the Guernsey Financial Services Commission, Appleby is
now licensed to offer fiduciary services through Appleby Trust (Guernsey) Limited.
This comes after the opening of a Guernsey office in April for the provision
of legal services.
Chris Ward has been appointed as Managing Director of Appleby Trust in Guernsey
and will oversee the growth of the business. Ward was previously Managing Director
of Rothschild Trust Guernsey Limited, and has over 25 years experience within
the offshore trust environment.
According to the firm, Ward has extensive knowledge of both listed and unlisted companies, and has overseen
the management of many different businesses including the hedge fund industry,
shipping, agricultural estates, media, song-writing, hospitality and leisure
entities, charitable foundations and substantial property organisations. He
has also been involved in business development across Europe and Asia.
Ward said: “We are very pleased to be able to offer a range of fiduciary
services to our clients through Appleby Trust (Guernsey) Limited. We are committed
to working with the Guernsey Financial Services Commission to develop our position
as a serious and well-regarded player in the industry, and we are delighted
to offer clients greater resources and a broader choice.”
Farah Ballands, Appleby Partner and Group Head of Fiduciary and Administration
Services, added: “We are very excited about this development. Our entry
into the Guernsey market further builds our strength and depth across multiple
jurisdictions, and complements our trust businesses in Jersey and the Isle of
Man. We believe that this move will reinforce Appleby’s position as the
first choice for clients in the offshore sector.”