The Maples Group is pleased to announce the expansion of its fiduciary services business in the Jersey, Channel Islands office, adding two experienced practitioners to its fast growing team.
Corporate services specialist Joe Betts has joined the firm as Vice President and will act as a principal person of the local fiduciary services business, while Ben Schofield joins as Assistant Vice President, working primarily in the private client business. Both individuals bring highly relevant, local Jersey-based experience to complement the team, which is set to expand further over the remainder of 2023 and beyond.
These strategic appointments reflect continued demand for the establishment of specialist Jersey-domiciled corporate vehicles and management services, within sophisticated cross-border financial structures.
In their new positions, both Joe and Ben will act as independent directors to a broad portfolio of corporate entities and finance transactions. Joe joins from another Jersey-based financial services company, where he was a director within the Corporate Services division, focusing on a variety of services for many prominent international businesses, in addition to establishing and relocating businesses to Jersey. Joe is also highly experienced in structuring employee incentive arrangements, including the use of employee benefit trusts.
With over 15 years in private client and corporate administration services, Ben’s expertise spans wealth management, corporate, family office and trust structures, including investments in UK residential and commercial real estate. Ben has held previous roles with well-known trust and corporate services providers in Jersey. He has been recognised for his breadth of experience and technical proficiency, having previously been nominated as one of the ‘eprivateclient Top-35 Under-35 professionals’ in the Channel Islands’ financial services sector.
“We have seen considerable activity over the past 12 months in the formation of Jersey companies and other vehicles, most notably in relation to corporate finance projects and securitisation transactions,” commented Robert Lucas, Senior Vice President and Head of the Jersey Fiduciary Services.
“Jersey has long been recognised as a leading financial centre, with a robust and highly respected regulatory framework,” Rob added. “As our global clients have increasingly brought Jersey into their international structures, our office has been on an accelerated growth path, with our ability to provide a full range of legal, fiduciary and regulatory compliance services. We are delighted to welcome Joe and Ben to the team and look forward to announcing further key appointments in the coming months.”
Today’s announcement follows the recent appointment of four senior professionals to the Group’s fiduciary services team in Dublin and the news in February that senior corporate lawyer David Allen joined the Group’s law firm Maples and Calder as a Partner in Jersey.
The Maples Group’s Jersey office provides full service Jersey legal advice in the corporate, finance and funds and investment management areas through its law firm, Maples and Calder (Jersey) LLP, and fiduciary and fund services through its financial services firm, MaplesFS. Globally, the Group comprises nearly 3000 professionals in 16 locations worldwide.
About the Maples Group
The Maples Group is the market leader in the provision of legal, fiduciary, fund, regulatory and compliance and entity formation and management services, with expertise across a range of jurisdictions, sectors and disciplines. With over 50 years’ experience in the financial services industry and expertise in the provision of a wide range of domestic and international services, we have become a global partner to our clients with offices strategically situated to best serve their needs. For more information, please visit https://maples.com/