Nick Batiste has been appointed managing director of Saffery Champness in Guernsey with effect from 1 April 2014.
Nick Batiste joined Saffery Champness over 21 years ago and has worked his way up through the ranks of the firm, which has 113 employees based on the island.
He succeeds Kelvin Hudson, who has been managing director of Saffery Champness in Guernsey for 13 years and will remain in the full-time senior role of executive chairman, while also devoting more time to his principal practice area, managing the affairs of ultra high net worth private clients.
The move follows Nick’s appointment, in 2012, to the boards of Saffery Champness Holdings Limited, on which he assumed responsibility as finance director, and Saffery Champness SARL. He is also a director of both the fiduciary and fund arms of the Guernsey business.
Nick Batiste joined the Guernsey office in 1992, qualified as a Chartered Certified Accountant in 2000 and was admitted as a fellow in 2005.
With an increasing number of mergers and acquisitions within the fiduciary sector in recent years, Saffery Champness remains one of Guernsey’s few independent trust businesses. Kelvin Hudson said:
“Nick has been a loyal and committed employee of Saffery Champness for more than two decades and has worked at every level in the fiduciary business. One might describe him as a product of the firm’s development.
“Having decided to relinquish the day-to-day running of the business, I am confident that he will make an excellent managing director, well-equipped to take the business forward.”
Nick Batiste commented:
“I look forward to working with my fellow directors to plan and implement the future strategy for the Guernsey business and further build on the solid foundations established under Kelvin’s leadership.”
Praxis Group has promoted Rupert Pleasant to MD of its fiduciary business. Rupert joined the Praxis Group in January 2012, and is responsible for marketing and business development within Switzerland.
Following a Law Degree from the University of Liverpool and time in the City, Rupert relocated to Hong Kong where he spent four years with Lloyds Bank Private Bank. He then moved to South Africa and completed an MBA at the University of Cape Town Graduate School of Business, before joining Barclays Wealth Management as Area Manager for the Western Cape region.
On returning to Guernsey he most recently headed-up the South African and CIS teams for Credit Suisse Trust and after seven years on the island he transferred to head office in Zurich where he was responsible for Credit Suisse Trust Product Management and Strategy. In 2008 he moved to Geneva as Managing Director of IFM Trust SA.
He sits on the Executive Board of the British Swiss Chamber of Commerce and is a member of the Alumni Board of the University of Liverpool.
The Praxis Group is an independent, privately-owned group of companies providing a wide range of bespoke professional services to private individuals, families and international corporate clients. We provide:
- Fiduciary Services
- Fund Administration
- Insurance Solutions
- Pension and Savings administration
- Real estate structuring and asset financing
- Cash management and foreign exchange
- Tax services
Barclays Wealth Advisory has hired Janiec Turnbull at VP level.
Ms Turnbull was previously a Senior Manager with Standard Bank Trust Company and before that ran her own business Turnbull Advocate.
Rutger Kriek, formerly a partner with Consulco in Cyprus, has launched a new fiduciary/tax firm in Nicosia.
Kriek has extensive experience in providing Cypriot tax advice regarding corporate structures set up by multinational groups of companies or high net worth individuals, involving the use of Cypriot companies or other special purpose vehicles. He trained in The Netherlands and was formerly a senior international tax manager with Deloitte.
J.P. Morgan has announced David Kane as head of its Trust and Fiduciary and Compliance Reporting business, which is part of the firm’s Worldwide Securities Services division (WSS). Kane replaces Tim Gandy, who is retiring after a 47 year career and 23 years at J.P. Morgan.
Kane has extensive experience in securities services and at J.P. Morgan. Since joining J.P. Morgan in 1987, he has held a variety of roles across the firm, leading teams in finance, operations, technology and bringing new client business into the firm. He is based in J.P. Morgan’s Bournemouth office, and his most recent role was head of Global Custody Operations, a position he assumed in 2006.
In this position, Kane led the development of WSS’ global operating model across Dallas, Bournemouth, Mumbai and Bangalore, working with his colleagues during which time assets under custody grew to $16.9 trillion.
Nick Rudenstine, head of the Investor Services business within WSS, said, “David’s deep understanding of our business, clients and role as a Trustee make him the ideal successor to Tim. Tim is a renowned industry expert, and his leadership, expertise and guidance will be greatly missed.”
Since 1991, Gandy has headed J.P. Morgan’s Trust and Fiduciary and Compliance Reporting business, which is the largest in Europe with 12 European locations, and acts for more than 2,000 funds worth $1.3 trillion.
Abacus, the international fiduciary and fund administration services provider, has announced a key appointment as part of their ongoing growth strategy and plans to develop and drive our business in the UK markets.
Alistair Stewart has been appointed Director and will head Abacus’ new UK operation, Abacus Fiduciary Services Limited, where it is intended he will maintain and build on Abacus’ existing relationships, whilst developing new ones with the view to maximising business potential in the ever competitive industry.
Alistair will promote Abacus’ offshore tax planning products to UK intermediary clients, together with the vast array of other products and services offered from both their Isle of Man and Malta offices.
Chairman of the Abacus Group, Chris Talavera said: “We are pleased to welcome Alistair to Abacus, his experience and knowledge in the industry will be a valuable addition to the development of our business and services in the UK market. Our new UK operation is an integral part of our growth strategy and complements our focus to diversify our business markets and service offerings. “
Alistair is a Chartered Tax Adviser and a member of the Chartered Institute of Taxation with over 18 years experience advising owner managed businesses and high net worth individuals regarding their tax affairs.
Prior to joining Abacus, Alistair was a FIMBRA registered life and pension broker before completing his tax transformation in the 1990’s via Pannell Kerr and Forster, Grant Thorton and Arthur Andersen. Tax mitigation strategies have been keeping him busy ever since, mixing both onshore and offshore solutions for a wide variety of personal and corporate clients.
Commenting on his appointment, Alistair said: “The opportunity to take the quality of the Abacus brand to a wider UK professional audience is full of possibilities. In particular, the new Malta office will be popular with international tax and wealth advisers and I look forward to exploring possible bespoke corporate and personal structures with new and existing introducers alike.”