The Enhance Group, a Jersey-based corporate services provider and wealth manager founded 12 years ago, has promoted the head of its year-old London investment consultancy,Tom Wiseman, to chief executive, a title held until now by Enhance co-founder James Painter.
Painter will now take on the role of executive chairman, the company said in a statement, where he will focus on strategic direction at board level, as well as supporting the company’s global business development.
Wiseman’s new role and title are effective on 1 October.
As reported, Wiseman, pictured above, was named last June to head up the Enhance London operation, which was designed to cater for “a small number of clients and their trusted advisers” with a range of bespoke advice services, including portfolio construction.
In announcing his appointment, Enhance noted that Wiseman, a member of the Chartered Institute for Securities & Investment, will relocate to Jersey in preparation to taking up his new role.
Succeeding Wiseman as head of Enhance’s London operation, called the Enhance Investment Consultancy, is Dr Ruzhen Li, the company said.
Painter said the company was expanding, averaging growth of 27% annually, as it opened offices in such jurisdictions as the Cayman Islands, Geneva and Singapore.
Enhance Group was founded in 2005 in Jersey by Painter and Richard Sayers. According to its website it currently has around £20bn of client assets under review.
As reported, earlier this month it was announced that Sayers was leaving Enhance, to become managing director of the Singapore operation the Equiom Group, an Isle of Man-based, internationally-focused trusts and corporate services provider.