HAWKSFORD International has announced that it is to make a small number of redundancies.
In October, the directors of Rathbone Trust International Jersey acquired the business and renamed it Hawksford International. Since the management buy-out, the directors have been undertaking a structured analysis of the company and its operations.
Hawksford International will realign and consolidate the business to focus on growing their business as a specialist service in the creation and management of large or complex private client and corporate wealth management structures. As part of that consolidation a small number of redundancies are necessary and a short period of consultation with staff within the legal and support services teams will take place.
As part of the company’s re-focus it has been agreed that Hawksford International’s legal team will concentrate on clients of the trust company and will no longer be marketed as a separate entity. This decision will mean fewer lawyers will be required and it is expected that three members of staff from a pool of nine will be made redundant. Hawksford International has already confirmed that the legal trainees will be unaffected and will be able to complete their training with the support of the company.
A further 10 redundancies from a pool of 18 staff in finance, HR, marketing and compliance will also be made.
Staff were informed of the news this morning and Hawksford International will ensure that staff receive full support.
Issued by Katrina Bray, Image PR on (01481) 723456 or email firstname.lastname@example.org