A management buyout has led to a new senior management team at Richmond Fiduciary Group.
Managing Director Mike Good led the action, along with directors Jim Elliott, Paul Gaudion, Alan Jenner, Tony Link and John McKellar.
"Richmond has built a strong identity as an independent, locally owned trust company," said Good. "We wanted to continue in this vein, using our independent status to deliver the best service for clients. [The MBO] allows us to be flexible and to make decisions quickly and to work with a range of different investment managers for the benefit of our clients."
Good noted that the MBO will also allow the firm to pursue business in international pensions, which it sees as a growth area.
Richmond was established in 1988, is based in Guernsey, and offers fiduciary services including professional trust and company formation and management. The directors, together with the senior managers have over 250 years combined experience in the international finance industry.
Former chairman Alan Chick has left the business to pursue other interests.
Pictured (L-R): Alan Jenner, Paul Gaudion, Mike Good, Tony Link, Jim Elliott and John McKellar