Headquartered in London, 7IM provides investment services to professional wealth managers, planners, advisers and private investors.
The Jersey office will be led by Grant Hamilton, who was previously a director of Rathbones in Jersey.
Important international centre
Stewart Sanderson, head of private client at 7IM, said: “This expansion is an exciting part of our evolution and adds a Jersey base to complement our existing offshore offering.
“It provides a physical presence to help us offer discretionary management alongside our suite of services, including Dublin domiciled active and actively managed passive funds, and an open architecture platform with custody arrangements in Jersey.
“We continue to see strong demand in Jersey for our discretionary investment services and platform. We feel Jersey is as an important international centre and a key part of our long-term strategic development,” Sanderson said.
According to Hamilton: “7IM has an exciting cost-effective offering, combining discretionary management services and the offshore fund range with innovative platform service, technology and advanced reporting.”
In addition to heading up the Jersey office, Hamilton is also relationships manager. In his previous role as a director at Rathbones, he was responsible for relationships with trustees, consultants and private clients.
He is joined by Dominic Pallot, who has over 35 years’ experience in offshore financial services with trust company firms, such as First Names and Walbrook Groups, and banks, such as Barclays Wealth and Abbey National.
Annie Newman is also joining 7IM. She previously worked in portfolio management at Merrill Lynch for 12 years and has been working in the offshore finance industry for over 20 years.
The initial Jersey team will be backed up by the 7IM London office.