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Jersey fiduciary specialists develop funds offering with series of hires & promotions

Jersey-based independent fiduciary specialists VG supports the ongoing development of its fund offering with a series of new hires and promotions.

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Leading independent fiduciary specialists VG has made a strong start to 2019 with several personnel hires and promotions to support the ongoing development of its funds offering into new regions and asset classes.

Four members of staff have been promoted: Dominic Coyne has been promoted to Senior Manager, responsible for a team with established expertise in alternative investment funds and experience in the administration of a broad range of fund vehicles. Emily Roque has been promoted to Assistant Manager and Michael Bree has been appointed as Client Reporting Supervisor. Michael oversees VG’s fund administration software platform, Investran, and is responsible for financial reporting to managers and investors. In addition, Charles Carpenter has been promoted to Fund Administrator.

Ashley Le Feuvre, Director of VG Funds, commented “Jersey as a jurisdiction has seen its funds business reach an all-time high, breaking through the £300 billion barrier in Q3 2018*. This is great news for service providers such as VG who are looking to offer an alternative solution for clients. By combining industry leading systems with VG’s in-house expertise, we continue to innovate and grow – providing a fast, flexible and responsive service of the highest quality to clients whilst operating within Jersey’s robust regulatory and legislative framework. These promotions are hugely well-deserved and it will be exciting to see what 2019 brings throughout the funds sector for Jersey.”

Mark Hucker, MD of VG said “over eighty percent of Jersey’s total funds business came from alternative asset classes in 2018*. This is proof that Jersey offers an attractive proposition to alternative fund promoters and, as an independent and privately-owned service provider, we are in a terrific position to take advantage of this momentum in the market. We offer a bespoke, personal service and aim to grow in the longer term with our clients and partners. These changes recognise the great work our funds team has done, the quality of key individuals and the exciting opportunity we see in the sector.”

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