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SMP Partners granted Jersey licence

By Kirsten Hastings, 16 Jan 17

SMP Partners, the Isle of Man-based international corporate and trust service provider, has been granted a licence by the Jersey Financial Services Commission (JFSC) and opened an office on the island.

SMP Partners, the Isle of Man-based international corporate and trust service provider, has been granted a licence by the Jersey Financial Services Commission (JFSC) and opened an office on the island.

The trust service provider intends to leverage its eGaming expertise and develop SMP Partners’ “rapidly growing gaming division” and “build up a significant presence in that market”.

Mark Denton, managing director of SMP Partners, said: “Establishing an office in Jersey is another significant development for the group, as we continue to grow our presence in key jurisdictions around the world.

“Jersey, like the Isle of Man, is a highly regarded financial centre and the opening of an office there has been in our sights for some time. The expansion will help us to further diversify our business and revenues, as well as creating additional career opportunities for our colleagues.”

Katy Stopford will relocate from the gaming division of SMP Partners’ Isle of Man office to Jersey to lead the establishment of the new office and manage key relationships.

Stopford said: ‘Expansion into the Channel Islands is a great opportunity for SMP Partners and its clients. It is an exciting time for the business.”

Tags: Isle Of Man | Jersey

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.