Corporate services provider Crestbridge has appointed Andy Williams as a Director in its real estate team in Jersey in response to growing demand for specialist real estate administration services through the jurisdiction.
With over 17 years of experience in the provision of offshore administration services, nine of which relate exclusively to property, Andy joins Crestbridge having most recently headed up a private equity real estate office in Jersey. Prior to that, he was an Associate Director in the Real Estate team of a global offshore legal and fiduciary services provider headquartered in Jersey, where he spent over eight years. He is an Associate of the Chartered Institute of Secretaries and Administrators.
Working with a wide range of institutional investors, including large property and insurance companies and pension funds, the real estate team at Crestbridge specialises in providing high quality administration services to real estate holding structures. In recent months, it has seen a rise in the number of large real estate funds it administers, such as the Kennedy Wilson European Real Estate Fund, which is the largest listing of a real estate fund on the London Stock Exchange since the financial downturn.
Commenting on the appointment, Christopher Bennett, Head of Real Estate at Crestbridge, said:
“We are delighted to welcome Andy to Crestbridge’s real estate team. We place a huge emphasis on having an in-depth, comprehensive understanding of the global real estate market, and Andy’s expertise and years of experience working in a fast- paced international financial services and legal environment, will be invaluable in this respect.”
“Recent figures from the Jersey Financial Services Commission show that the value of real estate funds being serviced though Jersey rose last quarter by almost 20% to the highest level seen since the pre-crisis levels of 2007, and we are certainly seeing growth at Crestbridge that mirrors that trend.”