The new service will focus on assisting family offices and family advisers with the administration and structuring of various vehicles typically used as part of family office arrangements, including companies, trusts and other holding vehicles.
Crestbridge is currently best known for its corporate, real estate and fund administration services.
Tibbo is coming to Crestbridge from Vestra Wealth, the London-based wealth manager, the Jersey office of which she helped to set up.
Tibbo, who is described as experienced in advising individuals, intermediaries and trustees in relation to offshore matters, began her career in Jersey, then worked in London for 11 years before returning to the island in 2010 with Vestra.
In a statement announcing the new division, Crestbridge said it launched it “in response to specific demand for specialist cross-border family wealth administration, and growth in family wealth emanating from emerging markets in the Middle East and Asia”, where it says Crestbridge has particular expertise.
In addition to Tibbo, Crestbridge said it had hired a “team” of other family office specialists, who, it says, will work across its offices in Jersey and Luxembourg, and employ their knowledge of local rules which may impact the way family assets can be managed and distributed in various jurisdictions. The company did not say who the other members of the team are, or how many have been hired.
Crestbridge’s launch of a family office service follows a rebranding of the company, which previously was known as Dominion Corporate Group, in June.
The 15-year-old company administers more than $50bn in assets across several jurisdictions, and includes among its clients a number of FTSE 100 companies, as well as banks, pension funds, private equity and venture capital firms. It employs around 80 people, and is regulated in both Jersey and Luxembourg.
