Maitland has announced that it will expand its existing presence in Guernsey having obtained its full fiduciary license.
The cross-border global advisory and fund administration firm can now provide a complete suite of private client fiduciary services in Guernsey alongside their existing fund administration and corporate services offering.
As a result Maitland Guernsey’s services now offer all three corporate, institutional and private client services for the first time.
Steve Georgala, chief executive of Maitland, said: “Following last years’ acquisition of our Guernsey fund administration business, we are pleased to have been granted our full fiduciary license in Guernsey. Expanding our business beyond fund administration and introducing a private client offering in the region, is another significant step in our ambitious global growth strategy.”
The new licence sees former partner of Maitland Advisory LLP (the group’s London law firm), Iris Harvey, take on a new role as director of private client services for Guernsey. Harvey takes up the role with 15 years’ expertise in the structuring of family wealth and acting for multinational families with cross-border investments, Maitland said.
“Guernsey is a popular and well-regarded jurisdiction with a very good reputation amongst our clients, said Harvey. “Being able to deliver private clients services in the region is another significant string to our bow and I look forward to establishing this new offering.”
Founded in Luxembourg in 1976, Maitland is privately owned and fully independent with 17 offices in 12 jurisdictions, 1,200 employees and in excess of $250bn in assets under administration, providing multi-jurisdictional legal, tax, fiduciary, investment and fund administration services to corporate, institutional and private clients.