Maitland Group expands in Guernsey

By: GIFA , Tuesday, February 20, 2018

Maitland Group has expanded its presence in Guernsey after obtaining a full fiduciary licence.

The cross-border global advisory and fund administration firm can now provide private client fiduciary services in the island alongside its existing fund administration and corporate services offerings.

The company first moved into Guernsey last year with the acquisition of local designated manager R&H Fund Services.

Maitland Chief Executive Steve Georgala said: “Following last year’s acquisition of our Guernsey fund administration business, we are please to have been granted our full fiduciary licence in Guernsey. Expanding our business beyond fund administration and introduction a private client offering in the region is another step in our ambitious global growth strategy.”

The new licence sees former Partner of Maitland Advisory LLP (the group’s London law firm) Iris Harvey take on a new role as Private Client Services Director in Guernsey. She has 15 years’ expertise in the structuring of family wealth and acting for multinational families with cross-border investments.

She said: “Guernsey is a popular and well-regarded jurisdiction with a very good reputation among our clients. Being able to deliver private clients services in the region is another significant string to our bow and I look forward to establishing this new offering.”

Maitland’s Guernsey fiduciary licence follows its funds arm being chosen as administrator for two Guernsey-domiciled funds – Tufton Oceanic Assets and CIP Merchant Capital, which both listed on the London Stock Exchange at the end of last year.

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