Intertrust Jersey, the Channel Islands outpost of the Amsterdam-based, Euronext-listed Intertrust Group, has named Simon Mackenzie, a long-time employee of Jersey-based Ogier, as managing director.
The position is a new one, reflecting the fact that Intertrust Jersey was created as a result of Intertrust’s acquisition of Elian last year.
However, Mackenzie had been with Elian since 2014, and since last September, had been group director and global head of corporate services, Intertrust Jersey said in a statement.
Elian rebranded as Intertrust Jersey in December.
As reported, Intertrust Group announced in June last year that it was to acquire the fast-growing, Jersey-based trust and corporate services provider then known as Elian from its then-owner, Electra Partners, the investment arm of Electra Private Equity plc, for £435m.
Elian had been created in June 2014 by a management buyout of Ogier Fiduciary Services from Ogier, the Channel Islands law firm, which had been led by Paul Willing, who was chief executive of Elian at the time it was sold to Intertrust. He is now managing director of the Atlantic Region for Intertrust, although he remains based in Jersey.
The Intertrust Group provides trust, private client services and corporate services, including capital market services, fund administration and employee benefit packages, to clients around the globe, out of 41 offices in 30 jurisdictions around the world, employing around 2,400 people. In Jersey, it employs around 400.
Ogier Group partner
Mackenzie had been a partner in the Ogier Group before the MBO that created Elian, having originally joined Ogier Fiduciary Services in 2002.
In his new role, Mackenzie will be in charge of “leading the organisational and governance changes necessary to achieve the full integration of the Jersey business” into the larger Intertrust group, the company said.
It added that Mackenzie will be responsible for overseeing the establishment of the Intertrust brand in Jersey, and for building on the firm’s existing position in the fiduciary services sector. In addition, he will continue to work directly with the firm’s key clients, as well as to work on developing new business.