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.”