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Nedbank marks 25 years in Jersey

Nedbank marks 25 years in Jersey

Wednesday 03 July 2019

Nedbank marks 25 years in Jersey


Nedbank Private Wealth is celebrating 25 years of providing banking, investment and wealth management services in Jersey.

The company’s Jersey office opened on Don Road in St Helier on 28 June 1994, under the name Robert Flemings.

In its beginnings, the company only offered banking and trust services, but the business evolved and went through a number of name changes and restructures before becoming the Nedbank Private Wealth and Nedgroup Trust.

Chris Roscouet, Trust Director, is the longest serving employee in the Jersey office having joined in 1997 - the same year that the bank was restructured as Fleming Offshore and the trust company became Fleming (Jersey) Trustees Limited.

Cameron Walker, Head of Relationship Management, who joined the company in 2002, reflected: “It was a very exciting time to join the organisation. There was an entrepreneurial spirit and an energetic, enthusiastic team who were focused on establishing a strong private banking presence in Jersey.

“The aim at the time was to establish offshore and international business flows from the clients of our then sister company, Gerrard Limited. However, our success ultimately came from developing our own relationships with UK resident, non-domiciled individuals and a local client base in Jersey."

Director Katie Penny - who joined the trust business in 2003 at only 18 years old - added: “Despite doubling staff numbers, the Jersey office has retained the family feel and strong morale that first attracted me to it. The business has a low staff turnover and an overriding commitment to exceptional client service."

Looking to the future, Ms Penny said the trust business plans to grow “both independently and by collaborating with the bank, to create a long-term sustainable strategy, providing advice-led structuring solutions for our clients.”

Mr Walker added: “As a business, we’re continually striving to make things easier for our clients. We want to be seen as an innovator and seek new ways of delivering exceptional service, securely and efficiently.”

Pictured: Staff members from Nedbank Private Wealth and Nedgroup Trust in Jersey.

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