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Close to grow fund admin and trust businesses

Close Private Bank is preparing for aggressive expansion of its fund administration and trust businesses.

The newly appointed chief executive of the fiduciary division Stuart Dyer has recently taken over responsibility for Close’s fund and trust businesses in Jersey, Guernsey and the Isle of Man.

Dyer joined from Cofunds where he was chief executive. Prior to this he was JP Morgan Fleming Retail Investment chief operating officer and Friends Provident investment marketing director.

Dyer says: “The trust businesses in Jersey, Guernsey and the Isle of Man will function as a single platform and leverage off the combined strength of 100 staff across three jurisdictions, rather than operating as three separate businesses.”

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