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Close set up new Jersey based division

Close Private Bank has set up a new division specifically designed to service the global corporate market.

Close Corporate Administrative Services will focus its business model on a relationship-driven approach, focusing on security, limited partnerships, fund administration, employee benefits and pension schemes.

Close Trust Company Jersey Limited managing director Mike Price says: “Some time ago we identified the increasing sophistication of financial engineering undertaken by international corporate clients as a trend that was benefiting the trust industry in general, and Jersey in particular.

“We have been developing our range of services to cater for their specific requirements.”

C-CAS business development manager says: “Jersey’s infrastructure offers political stability and robust regulation coupled with a highly skilled and motivated workforce.

“This combination provides the best possible environment from which C-CAS can deliver the exacting administrative support, demanded by international corporate executives and their professional advisers.”

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