Hawksford, the Jersey-based trust and corporate services provider, has named David Titcombe to the new position of chief operating officer of its recently-opened Cayman Islands office.
Titcombe, pictured, who will head up the George Town, Grand Cayman office in his capacity as COO, will be responsible for building the profile of the firm’s Cayman office, Hawksford said, as well as for “crafting the business model” and overseeing the growth of the company’s team in the jurisdiction.
He will work with Jersey-based Steve Robinson, who heads up Hawksford’s corporate team.
Hawksford opened the Cayman office in November, after it received a Trust Licence from the Cayman Islands Regulatory Authority in September. In addition to Jersey and Cayman, it also has offices in the British Virgin Islands, Hong Kong, New Zealand, Singapore and the United Arab Emirates, and employs a total of around 220 people.
Titcombe comes to Hawksford from Jencap Advisors, also in the Cayman Islands, where he was managing director for around two years, Hawksford said, in a statement announcing his appointment. Before that he was managing director of Barclays Private Bank and Trust (Cayman) Ltd for four years. He has also held senior roles in the Isle of Man, Bermuda and the Cayman Islands for a number of banks and trust companies, including Coutts, Butterfield Bank and Ansbacher.
Hawksford said Titcombe has “particular expertise dealing with corporate and personal affairs for high net worth entrepreneurs, private family offices and other high-net-worth individuals”.
Hawksford was established in 2008 following the management buyout of Rathbone Trust Co Jersey, which was backed by Dunedin, the UK private equity company. The Hawksford name dates back to the 19th century, when a lawyer named Cyril Hawksford first began practising in Jersey.