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Two new senior appointments in Jersey

09-Jul-2008

Investec’s Jersey branch has been registered with the Jersey Financial Services Commission since May 2007 and was opened in response to the continued high demand from the fiduciary sector for its specialist services on the island.

Kevin Allen has over 24 years experience in the financial services sector and joins Investec from Royal Bank of Scotland International Limited, where he was Head of Portfolios in the Offshore Real Estate Finance team. In addition to his responsibilities as head of the branch, Kevin will concentrate on client lending opportunities with a focus on property leaning to Jersey based financial intermediaries. He will also look to provide development funding to local property developers on projects in the Channel Islands.

Tony Grimes joined the Investec Group in 2000, following the acquisition of Theodores Trust and Law Group. He has since held a number of roles within the Investec Group, including Chief Operating Officer of Investec Trust, responsible for operations in Jersey, Guernsey, Geneva and Mauritius.

In recent years Tony has been working to assist Investec with the licensing process for the new Jersey office, culminating in taking on the role of interim-Branch Manager, responsible for implementing Investec Group’s standards in respect of operations, Risk and Compliance. Following the appointment of Kevin Allen, Tony will assume responsibility for risk and compliance. Tony is also a member of the States of Jersey Public Accounts Committee.

Mort Mirghavamedddin, Managing Director, Investec Bank (Channel Islands) Limited, said, ‘’These are exciting times and we are very pleased to welcome Kevin to the Jersey team where I’m sure his local knowledge and excellent leadership skills will be used to great effect in building Investec’s presence on the island.

“We are also delighted that Tony will be taking on such an important role in the organisation. He is very well respected amongst the Jersey business community and will continue to play a key role in advising us on compliance issues as we expand our presence on the island.”

Investec Bank (Channel Islands) Limited is part of Investec Private Bank and focuses on providing relationship-driven service to corporate clients through a bespoke client manager. Clients have direct access to decision makers who will provide a flexible approach, fast response and a high attention to detail.

For further information on Investec Bank (Channel Islands) Limited’s products and services, visit www.investec-ci.com or call +44 1534 512651.