Team move from Abacus to IOMA group
Posted By Chris Bale on March 10, 2010
The IOMA group has announced that [private]Mike Hodgson has joined the group as Managing Director of IMPACKT Limited which will trade under the IOMA Solutions banner. In addition, Alex McNee and Paula Coates have joined as Directors.
Mike was most recently MD of Abacus in the Isle of Man,
but has more than 30 years experience in the financial
services industry including previous roles as a main
board director of Ansbacher in the UK as well as
Regional Managing Director of Ansbacher Caribbean.
He spent 24 years at Royal Bank of Canada including
postings in the Channel Islands, Hong Kong, Taiwan, and
Singapore and of course Toronto, and was an executive
officer of the parent bank in Canada. In addition to 2
undergraduate university degrees, Mike has an MBA
from Ivey Business School and is a member of the
Society of Trust and Estate Practitioners.
Alex spent 5 years as a Director of Abacus and has a
high level of expertise in advising on the establishment
and ongoing administration of a variety of bespoke
fiduciary structures dealing with assets ranging from real
estate to operating businesses to yachts and aircraft.
Prior to this Alex worked for Coutts (formerly Natwest
International Trust Corporation) since his move to the Isle
of Man from Scotland in July 1990. Whilst at Coutts he
held various positions and worked in several areas of the
Bank and was responsible for setting up and managing
the Investment Administration Team, setting up and
managing the Groups’ offshore booking centre, which
included Bank deposit, Credit, Investment and Fiduciary
services. Alex is a member of the Society of Trust and
Estate Practitioners (TEP) and holds the Society’s
Diploma in International Trust Management.
Prior to joining IOMA Solutions Paula was an Associate
Director at Abacus, having previously worked for Abacus
as a tax manager responsible for both Isle of Man and
United Kingdom tax matters in relation to offshore
structures. Paula has a significant level of expertise in
advising on the establishment and ongoing
administration of offshore structures, both from a trust
and a taxation perspective. Paula is a Chartered
Certified Accountant (FCCA), a Chartered Tax Advisor
(CTA) and a member of the Society and Estate
Practitioners (TEP), holding the Society’s Diploma for
England and Wales and the Diploma in International
Trust Management. Previous roles include Senior Tax
Manager for Ernst & Young LLC where Paula was
responsible for the tax advisory function, and provided
consultancy advice to individuals, trusts and companies
regarding both UK, Isle of Man and offshore taxation
issues. Paula also worked for KPMG and PKF (Isle of
Man) Limited initially working as an accountant,
progressing to an auditor and then as a tax advisor,
gaining experience on the audit and taxation of offshore
structures and individuals.
As Managing Director at IOMA Solutions, Mike Hodgson,
says: “The three of us have all worked closely together
for some time and together have an outstanding depth of
experience in the Financial Services Industry. We look
forward to leveraging the traditions, breadth of offering
and experience of the IOMA group.”
Commenting on the appointments, Nigel Wood,
Managing Director of IOMA group said: “We are very
pleased to welcome Mike, Paula and Alex to IOMA
Solutions and believe they will be a valuable asset to the
group. They have significant experience in developing
fiduciary services and consultancy and we are excited
about what we anticipate to be a very dynamic period of
development for IOMA group.”
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