The trust, corporate and funds services business has made three appointments.
The trust, corporate and fund services company ZEDRA has made three senior hires in its Channel Islands team.
Paul Nayar has been appointed finance director, Joe Donohoe has been made client director, and Mark Cleary has been made head of relationship management and funds, Guernsey. Nayar and Cleary have pan-island roles working across Jersey and Guernsey.
Nayar is responsible for all financial procedures, policies, controls and reporting systems. He works with managing directors and the chief financial officer. Cleary oversees the relationship management of bespoke fund services.
Donohoe 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 was part of the ownership team that sold the Abacus business to Royal Bank of Canada in 2005. Nayar has 22 years’ experience working in the international finance industry. He has held several senior positions working for a number of leading organisations in the financial sector, ZEDRA said in a statement.
Cleary has 25 years’ experience working in 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 prominent investment management provider.
Early in January, ZEDRA appointed David Inglesfield to the newly-created post of managing director for its London office. Among recent developments, ZEDRA in December 2016 acquired Luxembourg International Consulting – aka Interconsult. Terms were not disclosed.
In other recent developments, ZEDRA appointed a former senior HSBC figure to head up development of its Singapore office, which also supports markets in North and South Asia. The firm hired Wendy Sim, who has more than 20 years’ experience working with ultra-high net worth clients in the region, specialising in wealth management and estate planning for Asian corporate and high net worth individuals and their families. She holds the title of managing director. She was previously at HSBC Trustee (Singapore), responsible for developing and delivering pan-Asian family governance solutions, as well as assisting global families looking for Asian-based structures.