Intenational fiduciary services provider Fairway, headquartered in Jersey, will officially launch its new office in Bahrain in a ceremony next week.
The event will be attended by company directors, representatives from Jersey Finance and the Bahrain Economic Development Board as well as specially invited guests.
Graeme Fairlie, will combine his current role as international business development executive with a new position as regional manager in Bahrain.
"We see Bahrain as a business-friendly, competitive landscape which is the perfect place for us to build our presence in the Gulf,” said Mr Fairlie. “We are seeing increased interest in highly regulated international finance centres like Jersey, in order to provide additional comfort outside the GCC."
The move into Bahrain comes on the back of established partnerships in the Gulf region including with Emirates NBD in Dubai.
With Fairway Group assets under administration of £5.5 billion and nearly 100 staff in its St Helier base, the new office comes amid a concerted international push by the company.
Louise Bracken-Smith, Fairway's chief executive, said “The opening of our first office outside Jersey, in such a historical location and iconic building, marks an exciting step for us which is testament to our continual development while keeping clients at the centre of everything we do.”
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