Asset management and private wealth management group Stenham has set up a new Channel Islands-based investment firm with Swiss bank Credit Suisse. The new firm, Stenham Wealth Management (Stenham WM), will act as an external asset manager for the bank in the Channel Islands and elsewhere.
Credit Suisse is ending direct client coverage out of the Channel Islands, so Stenham WM will offer those clients wealth advisory services, including Credit Suisse wealth management products, services and lending solutions.
Stenham WM will also offer global custody and transaction services as part of a multi-asset class approach to private client investment management.
Four former Credit Suisse investment employees have transferred to Stenham WM. David Baker (pictured), previously Head of Credit Suisse’s Jersey office, becomes Managing Director of the firm. David joined Credit Suisse in 2013, prior to which he spent 20 years at UBS.
In addition, Allan Stewart, Ian Blackman and Adrian Starr join as Directors, responsible for the investment management and advisory services. Allan and Ian will join David in Jersey while Adrian will be based in Guernsey.