Jersey-based fiduciary and administration services provider Ocorian has named Stuart Layzell (pictured) as its new Group CEO.
Stuart, who is currently the firm's Chief Financial Officer and Chief Operating Officer, will take up the new post on 1 January. He takes over from Nick Cawley, who has been Group CEO of Ocorian (formerly Bedell Trust) for almost 15 years.
Nick will remain with the business as Chairman of several Ocorian entities and will take over the leadership of its global Private Client services.
In 2016, Nick led the management buyout of Bedell Trust from Bedell Group and has grown the business, with four acquisitions, to extend jurisdictional coverage to the Netherlands, Luxembourg, New York, Dubai, South Africa and the Ivory Coast.
Stuart joined Ocorian in late 2016, following the MBO and rebrand of Bedell Trust to Ocorian.
As well as acting as both Chief Financial Officer and Chief Operating Officer, Stuart has taken a lead role in all four of the acquisitions made by Ocorian, ensuring their integration into the business and the development of a centralised Global Operations team.
His career, which started at PwC in 1992, has included a wide range of financial and investment leadership roles in London and the UK. Prior to joining Ocorian, he was Chief Financial Officer at financial planning firm Tilney Bestinvest.