The Jersey-based group said the capital will enable it to “strengthen its reputation for delivering innovative services using state-of-the-art FinTech” and allow for reinvestment in its people.
The new company, Bespoke Treasury Solutions, will provide a variety of cash management and foreign exchange services via multiple liquidity providers.
Kevin Moore, CEO of Bespoke Treasury Services: “Having spent eight years building up the treasury function at Enhance, the timing was right to branch out independently and establish a truly impartial, multi-liquidity and specialist treasury proposition in Jersey. We will be providing a variety of FX and cash management services across multiple currencies globally and look forward to discussing our expanded product suite with our clients in due course.”
Tom Wiseman (pictured), CEO of Enhance Group said: “We are delighted that Kevin has successfully completed this management buyout and look forward to maintaining a strong working relationship with Bespoke Treasury Services in the future. With Enhance’s strategic focus shifting towards reporting and advice services, offering Kevin this opportunity was the right thing to do for all concerned and crucially our clients.”