Crestbridge expands office in response to growth

Monday 13 April 2015

Independent fund, family office and corporate services provider Crestbridge has taken on additional office premises in Jersey, increasing its potential future headcount capacity by almost 50% in response to growth across all of its business lines.

As from 13 April, in addition to its current office space at 47 Esplanade, Crestbridge, which also has offices in Luxembourg, will now also occupy premises in Charter Place, St Helier, giving it the opportunity to expand its Jersey workforce to around 170.

The new office space will primarily provide greater space for the firm’s growing real estate and family office services business divisions, as well as its marketing and communications team.

The move comes following a successful 2014 for Crestbridge, when it announced a number of key business wins, including establishing and providing ongoing administration services to the Jersey-domiciled ‘Kennedy Wilson European Real Estate’ fund, which became the second largest real estate IPO in LSE history, as well as a number of UK and continental European fund mandate wins across the real estate and private equity asset classes. The firm also recorded impressive growth in its funds business, seeing an increase in the value of funds it administers from £1.84 billion to £15.06 billion, representing an increase of more than 700%.

Commenting on the growth, Graeme McArthur, CEO, Crestbridge, said: “We are seeing rapid growth across our business areas, and particularly in the demand for quality commercial and residential real estate administration and family office services, driven by rising global demands for good governance, market knowledge and experience of working with cross-border structures.

With that in mind, I am delighted that with our new additional premises we are sufficiently prepared to expand further, meet market demands and cement our position as a thriving player in Jersey and Europe. Last year, our headcount increased by 37% year on year across our offices in Jersey and Luxembourg, and we now have ambitious plans to build on this success, secure our position as a market leader in our specialist fields and expand into new geographical markets.”

Crestbridge offers a range of fund, real estate, corporate, capital markets and family office services. The firm has a 16 year pedigree in financial services, administers over US$50 billion of assets across multi-jurisdictional structures, and supports a broad range of blue chip corporate and institutional clients.