Andy Smith, who joined Investec in 2014, will retain his role as Head of Trust and Corporate Banking covering Guernsey, Jersey and the Isle of Man.

“I am delighted to have been given the opportunity to lead Investec’s Jersey branch,” he said. “We have a fantastic team who work incredibly hard for our clients, and I am looking forward to building on these excellent foundations.”

Brendan Stewart, Chief Executive of Investec in the Channel Islands, added: “Andy epitomises Investec’s culture of strong leadership and entrepreneurial approach to delivering innovative banking solutions for our clients. He is a valued and respected member of our team, and I would like to congratulate him on this appointment.”