Jersey-based Fairway Group is starting operations in Bahrain in what is the firm’s first overseas expansion move.
The move into Bahrain follows Fairway Group’s successful partnerships in the Gulf region, including with Emirates NBD in Dubai.
Graeme Fairlie, who will continue in his current role as the Fairway Group’s international business development executive, will take on the position as regional manager in Bahrain.
“We see Bahrain as a business friendly, competitive landscape which is the perfect place for us to build our presence in the Gulf. We are seeing increased interest in highly regulated international finance centres like Jersey, to provide additional comfort outside the GCC,” Fairlie (pictured right) said in a statement.
Louise Bracken-Smith (pictured), chief executive of the Fairway Group, added: “The opening of our first office outside Jersey, in such a historical location and iconic building, marks an exciting step for us which is testament to our continual development while keeping clients at the centre of everything we do.”
The group is unveiling their new offices in the United Tower. Representatives from Jersey Finance and the Bahrain Economic Development Board are expected to attend this week’s ceremony.
Fairway Group, chaired by Alistair Rothwell (pictured left), has £5.5bn of assets under administration and almost 100 staff and is committed to taking its expertise internationally. The Jersey-based independent, owner-managed fiduciary business specialises in offering trust, fund and pension services.