PraxisIFM Group, the global financial services business, is pleased to announce the appointment of Daniel Reynolds as its new Managing Director in Jersey, replacing Richard Kearsey, who retires after 21 years with the Group.

Daniel, who was previously the Managing Director of the Group’s offices in the Netherlands, brings more than 15 years of experience working in the financial services industry. Daniel joined PraxisIFM in June 2020; having spent nine years working between Jersey and Hong Kong with a multi-jurisdictional trust company as a Group Director before this. Daniel began his career at the Big Four accountancy firm, KPMG, working in financial services risk advisory and audit.

Daniel, who started his new role on 1 November will focus on developing, defining, and driving strategies to further accelerate the growth of the Jersey office and the wider group, as PraxisIFM refocuses on its core offering of private wealth and corporate services.

Daniel replaces Richard Kearsey, who enters retirement following a career spanning more than 30 years. Throughout his career, Richard specialised in structuring and managing the affairs of large international high-net worth families. He finishes at the firm at the end of November.

Robert Fearis, Chief Executive Officer of PraxisIFM said: “Saying goodbye to a valued colleague is never easy, and I wish Richard all the best in his retirement on behalf of the Group. It’s been wonderful to work with Richard for many years, but we are delighted to welcome Daniel back to Jersey. As PraxisIFM moves into the next phase of our history, we look forward to working with Daniel as he continues delivering the outstanding service that our clients have come to expect.”

Richard said: “It’s been a pleasure to lead the Jersey team at PraxisIFM, working with such committed and dedicated people. I am sure that I will miss my colleagues, but I am looking forward to spending more time pursuing other interests and reducing my golf handicap! I know that Daniel will do a fantastic job in ensuring the Jersey office continues to prosper.”

Daniel said: “It is great to be returning to Jersey after an enjoyable time away in the Netherlands. I have big shoes to fill following Richard’s departure, and I’m looking forward to working with our experienced Jersey team while welcoming new talent as we continue to grow. I wish Richard all the best in his retirement, and I am proud to continue his work of building PraxisIFM’s offer to new and existing clients.”