Independent Jersey trust company Alex Picot Trust has strengthened its leadership with the appointment of new director, Steve Gully.
Mr Gully is a specialist private client trust professional with experience gained across a career spanning 25 years working in the private client teams of international trust companies in Jersey, including at board level. His particular expertise is in working with ultra-high-net-worth international families and their family offices.
Director of Alex Picot Trust, Andrew Le Cheminant, said:
“We are delighted to welcome Steve to the board. He has proven trust services experience to enhance the expertise of our existing board and he brings with him a wealth of knowledge gained over a longstanding trust career. Steve has a similar ethos to our board members and we look forward to introducing him to our clients.”
Mr Gully commented:
“I am delighted to have been invited to join the Board of Alex Picot Trust and to play a part in its ongoing development and success. Alex Picot Trust is one of the earliest established trust companies in Jersey and its team of experienced and capable individuals continue to put client service at the heart of what they do.
“The pool of truly independent trust companies has diminished over the years and Alex Picot Trust has benefitted from this with new client inflows and expansion of services it provides to its existing clients. A Director-led independent business gives clients direct access to the key stakeholders who can ensure that the needs of the clients and employees of the business can be equally met.
“Alex Picot Trust applies a modern approach to traditional trust company values and I am truly excited at the opportunity to join this successful team.”
Bolstering the leadership team with two board appointments in 2020 and now welcoming a sixth director, the leadership at Alex Picot Trust has doubled within a twelve-month period.
Mr Le Cheminant went on to explain why these appointments have been made, he said:
“The three appointments to the board over the past 12 months are pivotal in our succession plans which have been put in place to support my fellow director, Derek Rhodes and I as we gradually move towards retirement. Our focus is on handing our clients over to the new directors in such a way that each client’s needs are prioritised while securing continuity for them and our loyal staff. Derek and I have developed meaningful relationships with our clients, getting to know their families and becoming trusted advisors, it is therefore essential that we leave this knowledge with the new generation of leadership; each of whom shares our vision for the future of Alex Picot Trust.