Intertrust makes senior management changes as part of ongoing restructuring

30/11/2018 Will Sidery

A restructuring at Intertrust will see a number of changes within the firm as it looks to expand its offering, eprivateclient has learnt.

As part of the restructuring, PAM Awards judge Niall Husbands will leave the business in May 2019. At the same time, Tania Bearryman will take on wider responsibility for oversight of Intertrust’s private wealth, corporate, performance & reward management  and capital markets teams.

Intertrust told eprivateclient that the firm is planning to grow its business whilst at the same time improving client service through the use of technology (such as a client portal), and make the business run more efficiently. The investment in tech will enable its private wealth team to connect with the next generation of ultra high net worth individuals and families.

The firm has appointed Charlotte Phipps-Hornby, as a dedicated senior business development professional in London aimed at driving private wealth initiatives designed to complement the recent appointment of Alison Parry from Butterfield Trust in Guernsey to strengthen the team there.

The firm is also investing heavily to become a tech-enabled corporate, trust and fund solutions provider. Intertrust told eprivateclient that technology and innovation were new and key parts of its corporate strategy. 

As part of its growth plans, the firm added that M&A was firmly back on its agenda, with the focus on US, fund administration and capital markets. It said that any M&A activity would be designed to increase scale, complementary services, expanded footprint and technology enablers and that it wanted to be a large player in the US and expand in Asia to capture opportunities. 

“As a global leader we benefit from highly regulated markets. Regulatory changes have always been around and there is yet more to come. Not everyone in our industry can keep up, but we have the competitive advantage as a global player. Our size, scale, expertise and ability to invest allow us to support our clients with their increased service requirements,” a spokesperson told eprivateclient.

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