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.”