The firm says that the extension of its service to Jersey following the JFSC’s granting of the licence will include the provision of fiduciary services to corporate holding and structuring companies, limited partnerships and investment funds, as well as private trust services.
Robert Lucas has joined the team as Senior Vice President, and will have operational responsibility for the Jersey office. In addition, Terése Price has been appointed as Vice President to support the Jersey business.
Previously, Mr. Lucas was a director at an independent global trust, corporate and fund services provider in Jersey. Prior to that, he specialised in running offshore fund and corporate structures in both directorial and administrative capacities with a number of global service providers.
Mrs. Price brings deep technical expertise from over 10 years’ experience working in private wealth in Jersey, with extensive knowledge of various client structures and relevant statutory requirements. Previously, Mrs. Price was a manager in a private wealth team offering corporate services and trustee services to high-net-worth clients in multiple jurisdictions.
In addition, Senior Vice President, Cleveland Stewart has relocated from Maples Fiduciary’s Cayman Islands office to Jersey.
“This extension of our fiduciary services offering supports the provision of an efficient, streamlined service for clients that have Jersey structures,” said Scott Somerville, Chief Executive Officer. “We are thrilled to mark this next phase in our growth and are confident that the scale and scope of the Maples group’s combined legal and fiduciary services offering in Jersey is unmatched, and makes us well positioned to continue delivering best-in-class solutions to the market.”