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.”