It says that Mr Wood and Mr Mvalo have played a “vital role” in the growth of the Group’s private equity offering, which was recently named Jersey’s leading fund administrator with $77.5bn net assets and 144 funds in the 2017 Monterey Report.
Commenting on the promotions, Alan Ross, Group Head of Private Equity at the Aztec Group said: “Both Michael and Erique have played an integral role in the continued growth and development of the Group and delivering first-class service to our clients. I am pleased their hard work and dedication to the business has been recognised and rewarded.”