McConnell joins from UBS and will focus on providing execution and advisory services, primarily to intermediary clients. McGovern was previously at Standard Bank Offshore and will provide fixed interest trading services and advice. Both McConnell and McGovern will report to Steve Glover, head of Jersey stockbroking for CSWM.

In other recent developments, last month the firm appointed Murray Montgomery as head of business development in the Channel Islands in a bid to broaden its private client offerings.

CSWM manages and administers £6.8 billion (around $10.8 billion) of assets on behalf of over 9,000 clients, as at 30 June 2010. The firm has offices in London, Guernsey, Jersey, the Isle of Man and Geneva.