Guernsey’s Heritage names non-executive chairman to navigate ‘period of change’

Heritage Group has announced that Peter Droussiotis has joined the company’s board of directors as non-executive chairman with immediate effect.

The company is undergoing what it calls “a period of change” following the recently announced sale of the group’s financial services business to global fiduciary and administration provider, Estera.

Droussiotis, (pictured above), a barrister by training, is founder and chairman of City-based insurance and financial services specialist corporate finance and strategy consulting firm PGD Strategy Limited.

The company said in statement announcing the appointment that Droussiotis brings a wealth of experience and connections in the insurance and financial services sectors in the United Kingdom and internationally. In particular, it said, he has a track record of success in mergers and acquisitions, strategic advisory services and corporate governance.

Richard Tee, Heritage Group chief executive, said: “My colleagues and I are delighted to welcome Peter, who we have known and with whom we have worked for many years in relation to a range of strategic projects, to our Group board.

Recent sale

“His expertise and leadership qualities will add considerable value to the Group and will enable us to navigate a period of change following the recently announced sale of the Group’s financial services business to global fiduciary and administration provider, Estera.”

Droussiotis said that he looked forward to “making a significant contribution to the strategic development of the group”.

Heritage Financial Services Group is an independent, management-owned provider of fund administration, corporate and trust services. Heritage’s assets under management and administration total US$70bn (as at March 2017).

Heritage was founded in 2006 and employs 98 staff through offices in Guernsey, London, Belfast and Malta.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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