The Maples Group has expanded its Jersey fiduciary services with the appointment of two practitioners.
Joe Betts (pictured) has joined the firm as vice president while Ben Schofield has been appointed as assistant vice president, working primarily in the private client business.
The appointments have been made to reflect the continued demand for the establishment of specialist Jersey-domiciled corporate vehicles and management services, within cross-border financial structures.
Based in Jersey, Betts and Schofield will act as independent directors to a portfolio of corporate entities and finance transactions.
Betts joins The Maples Group from SANNE where he was director for corporate services. As director, he helped to establish and relocate SANNE’s corporate service business to Jersey.
Betts has more than 15 years of experience in financial services, specialising in employee incentive arrangements, including the use of employee benefit trusts.
With more than 15 years in private client and corporate administration services, Schofield specialises in wealth management, corporate, family office and trust structures, including investments in UK residential and commercial real estate.
He was previously a contractor for The Maples Group. Prior to this, he was a senior manager at Crestbridge Family Office Services.
The Maples Group's Jersey office provides Jersey legal advice to the corporate, finance and funds and investment management areas through its law firm, Maples and Calder (Jersey) LLP.
In February, senior corporate lawyer David Allen joined the law firm as a partner.
The Maples Group also provides fiduciary and fund services through its financial services firm, MaplesFS.
Betts and Schofield’s appointments follow the recent appointment of four senior professionals to the Maples Group’s fiduciary services team in Dublin.
Robert Lucas, senior vice president and head of the Jersey Fiduciary Services, says: "We have seen considerable activity over the past 12 months in the formation of Jersey companies and other vehicles, most notably in relation to corporate finance projects and securitisation transactions.”
Lucas adds: “Jersey has long been recognised as a leading financial centre, with a robust and highly respected regulatory framework. As our global clients have increasingly brought Jersey into their international structures, our office has been on an accelerated growth path, with our ability to provide a full range of legal, fiduciary and regulatory compliance services.
“We are delighted to welcome Joe and Ben to the team and look forward to announcing further key appointments in the coming months."
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