Select a region
Mi Limited, which trades in the local consumer finance and small business market as Mi Finance and in the trustee and family office market as Mi Offshore, has appointed James Martingale as Managing Director following the recent acquisition of a significant interest in the business by a Jersey administered private equity vehicle.
James was formerly a director of TMF Group in both Jersey and Dubai and the Global Head of TMF’s Investor Services division responsible for investment risk management, manager selection and treasury services. Prior to joining TMF in 2007, James managed investment portfolios for trustees and family offices at Collins Stewart (now Canaccord Genuity) and was a banker at Coutts & Co.
He moved to Jersey in 1997 from London where he worked in the City for NatWest Group. Mi Limited was established in 2012 and co-founder Graeme Fairlie will continue in his role as a director and shareholder. The Mi Finance brand has grown rapidly and significant levels of new shareholder support will allow the business to invest heavily in the recruitment of additional staff and a move into new premises early in 2014.
Mi Offshore will be rebranded as Mi International to more accurately reflect the diversity of its ultra high net worth client base and will continue to develop its position as trusted advisor to professional intermediaries, trustees and family offices in the Channel Islands and overseas. Executive Chairman of Mi Limited, Kenneth Schofield, commented on James Martingale’s appointment and the future growth plans of the business:
“The 2008 global banking crisis has created a strong demand for an independent company set up specifically to help private individuals, families and businesses to secure credit, advise on loan structuring or re-negotiate loan existing facilities. Mi Limited, through its local and international offering, is uniquely positioned to cater for a wide range of demands from car finance to small business lending, local and international mortgages, jet and yacht financing, development funding and general credit based consultancy with no minimum or maximum entry levels. New shareholder support, the appointment of James Martingale, the continued drive of Graeme Fairlie and a significant new investment in premises, technology and people is hugely exciting and we are expecting significant growth of this local business”.
