Jersey-based investment consultancy Enhance Group has sold its treasury services through a management buyout, to allow it to focus on the reporting and consultancy aspects of its business, and fintech.
The new company, Bespoke Treasury Solutions, will provide a variety of cash management and foreign exchange services via multiple liquidity providers. It will be led by Kevin Moore, who has served as Enhance's Head of Treasury Services since January 2011.
He commented: "Having spent eight years building up the treasury function at Enhance, the timing was right to branch out and establish a multi-liquidity and specialist treasury proposition in Jersey. We will be providing a variety of FX and cash management services across multiple currencies."
Tom Wiseman (pictured), CEO of Enhance Group, said: "We are delighted Kevin has completed this MBO and look forward to maintaining a strong working relationship with Bespoke Treasury Services."
According to the group, the sale is a step forward in its growth strategy, refocusing the business on the provision of independent oversight and advice services to meet the investment needs of the global fiduciary community.