Jersey-based wealth manager Hawksford has secured a licence to operate in the Cayman Islands.
Granted by the Cayman Islands Monetary Authority, the trust licence will allow Hawksford to sell its services to both private and corporate clients, the company said in a statement.
Hawksford director Steve Robinson, who will be instrumental in setting up the Cayman Islands business, said the move will bring “scalability” to the company’s international operations.
In addition to its Jersey base, Hawksford already has offices in the British Virgin Islands, Hong Kong, New Zealand, Singapore, Switzerland and the United Arab Emirates. It is backed by private equity firm Dunedin.