Leadership changes at First Names Group

Monday 19 January 2015

Morgan Jubb has been promoted from the post of CEO of trust, corporate and fund administration service providers First Names Group to the role of Group Executive Chairman.

He has been replaced by Cengiz Somay who joined the group last year as Group Managing Director of Operations.

Declan Kenny, the current Executive Chairman, will remain a key member of the leadership team as Group Executive Director with a primary focus on the organisation’s expansion into Asia and its leisure division.

Mr Jubb - whose career has been largely centred within the mergers and acquisitions industry, joined First Names Group - in July 2012. He will be responsible for corporate development and the group’s strategy.

Mr Somay will oversee the day-to-day management and leadership of the business, incorporating its key service lines: private client, corporate, funds and leisure services. He has enjoyed a very successful career in financial services and since arriving in Jersey in 2005, he has held leadership roles in Europe, the Middle East, Africa and Asia for a number of international professional services providers, including State Street and Standard Bank.

Mr Jubb said: “I have been really impressed with Cengiz since he joined us. He has a real passion for the Group and its people. He is a very talented businessman and I have every confidence he will take on this role with his usual calm approach, which has made him so well liked already. He really is a pleasure to work with and I could not think of anyone who is more suited to lead the Group as it harnesses the advantages offered by its expanded network to ensure strength in depth and long-term prosperity.”