A year after a management buyout, Hawksford International is now the largest independent trust company in the Channel Islands.
On 15th October 2008, the directors of Rathbone Trust International Jersey acquired the business and renamed it Hawksford International. Since then the directors have undertaken a structured analysis of the company and its operations to allow the business to grow as a specialist service provider in the creation and management of large or complex private client and corporate wealth management structures.
‘The directors saw a fantastic opportunity in becoming independent. We believed that there was enormous potential in the business, which had a highly talented team of professionals. We wanted to grow and develop that into an even more successful company,’ said managing director Nigel Bentley.
Mr Bentley, who carried out the MBO with directors Michael Powell, Steve Robinson, Tim Cartwright, Julian Hayden and Simon Vivian, said Hawksford International now has a clearly defined vision.
‘We have performed on target during our first year despite the worst economic climate since the 1930s. We now have a clear strategy to take us forward into the future, which includes consolidation with other businesses and the introduction of a wider range of added value services,’ he said.
He added that he expected the business, which currently employs 130 staff, to grow organically and also through a targeted programme of acquisitions. Expansion into new jurisdictions will happen in 2010.
‘These are very exciting times for Hawksford International and we are delighted that our first year has been the success it has thanks to the loyalty of our clients and the hard work of our staff. We are confident of significant business growth in our second year of business, which will be good for Hawksford International and for Jersey.’