Catalyst expands offshore base with new move

Wednesday 12 December 2018

Financial services consultancy Catalyst Development has moved into new offices on the Esplanade.

The move, which the business says will help expand its offshore base in Jersey, comes less than six months after Catalyst acquired Knadel's offshore base as part of its acquisition of the asset and wealth management firm.

Catalyst’s Jersey team, which provides a range of business, technology and operational services, will now operate from a hub of 20 desks on the at Hawk House on the Esplanade.

Offshore Head Stuart Richford said that the move placed the firm "at the centre of Jersey’s financial hub".

"It enables us to be even more responsive to our rapidly expanding client base and client demand for our services, both on Jersey and overseas. It enables us to be closer to clients and to work more effectively with our Catalyst London and Catalyst Vilnius colleagues to deliver outstanding specialism, at scale," he commented.

CEO Andrew Middleton added: “Jersey’s rapid growth trajectory mirrors that of Catalyst as a whole. In just over 12 months, we’ve secured investment, made our first strategic acquisition and tripled in size. We are now delivering a wider range of larger and longer specialist assignments across a greater number of geographies than ever before.

"It’s a fantastic position from which to enter 2019, which also happens to mark Catalyst’s 25th anniversary. I’m proud to lead such a multi-talented team and I congratulate Stuart and all our Jersey colleagues on a great move.”