Independent trust, corporate and fund services company ZEDRA has expanded its team in the Channel Islands with three senior hires.

Paul Nayar has been appointed Finance Director, Joe Donohoe as Client Director and Mark Cleary as Head of Relationship Management & Funds, Guernsey.

Paul Nayar and Mark Cleary have pan-island roles working across Jersey and Guernsey. Mr Nayar is responsible for all financial procedures, policies, controls and reporting systems. He works alongside the Managing Directors and the CFO. Mr Cleary is managing the relationship management of bespoke fund services, ensuring high quality service is provided to clients and he will also act on a number of Fund boards.

As Client Director, Mr Donohoe has responsibility for a global portfolio of High Net Worth families and developing new relationships. This new role reflects the recent growth in the company’s Jersey business and will further strengthen the breadth and depth of experience within senior management.

Mr. Donohoe is an experienced trust professional with a high level of investment expertise, particularly in the trustee arena. He is a Chartered Accountant and has recently completed his Bachelor of Law (LLB) with the University of London. He moved to Jersey in 1986 to work in the trust industry. He has been instrumental to mergers and acquisitions in the Island and formed part of the ownership team that sold the Abacus business to RBC in 2005. He has held directorship positions for numerous international finance businesses.

Mr. Nayar has 22 years’ experience working in the international finance industry. He has strong commercial and operational experience, working in various dynamic, transformational and multi-jurisdictional environments. He has held several senior positions working for a number of leading organisations in the financial sector.

Mr. Cleary has 25 years’ experience working within the funds and asset management industries, predominantly in Jersey, as well as Luxembourg and Guernsey. Prior to joining ZEDRA, he established and oversaw the risk function for a leading Investment Management provider. During this period, he was Chairman of the firm’s Risk and Compliance Committee and he also served on their Developed Markets Management Committee. Mr Cleary is CFA Charter holder, an Associate of the Chartered Institute of Bankers and holds the Islamic finance qualification.

Ashley Cox, Managing Director for ZEDRA, Jersey, says:

‘Our new senior management hires reflect the continued expansion of the Jersey and Guernsey businesses in relation to both our team and our client portfolio. Mark, Joe and Paul will further strengthen the breadth and depth of experience amongst our team. They will be influential in delivering the strategic vision of the company in their respective sectors and their vast experience working in pivotal roles in the international finance arena will be paramount to our development as we move forward with our strategy for continued growth and excellent customer service.’

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