Kevin Allen joins Investec Bank Limited Jersey as head of branch and Tony Grimes joins as head of risk and compliance.
The Jersey branch was registered with the Jersey Financial Services Commission in May last year and opened in response to high demand from the fiduciary sector for specialist services on the island.
Kevin Allen has over 24 years experience in the financial services and joins from Royal Bank of Scotland International 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 targeting Jersey based financial intermediaries. He will also help with funding to local property developers in the Channel Islands.
Tony Grimes joined the Investec group in 2000 following the acquisition of Theodores Trust and Law Group. He has held a number of roles at Investec including chief operating officer of Investec trust responsible for operations in Jersey, Guernsey, Geneva and Mauritius. Grimes is a member of the States of Jersey Public Accounts Committee and will assume responsibility for risk and compliance in his new role.
Investec Bank managing director Mort Mirghavamedddin says: “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.”