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Maples Group Continues to Expand Fiduciary Services Team in Jersey

25 Oct 2023

The Maples Group is pleased to announce the continued expansion of its Jersey Fiduciary Services team, with the relocation of Marc Randall from the Group's office in the Cayman Islands.

Marc joins the Jersey office as Senior Vice President, where his responsibilities will include acting as a non-executive director to a broad portfolio of corporate and finance client entities, as well acting as a Principal Person of the local Maples Group Fiduciary Services business.  

Prior to relocating to Jersey, while based in the Group's office in the Cayman Islands for the last 15 years, Marc headed up the Maples Group’s Liquidations department, in addition to holding a number of senior positions in the Cayman Islands fiduciary services business.  Previously in his career, Marc worked in the audit and accounting sector in the Cayman Islands and Australia, specialising in insolvency and restructuring, as well as forensic accountancy engagements.

The move caps a banner year for the Maples Group's Fiduciary office in Jersey, which has expanded significantly in 2023.  The team of client service professionals has been greatly enhanced through a series of strategic appointments across the business.

The growth reflects sustained demand for the establishment of specialist Jersey-domiciled corporate vehicles and management services, within sophisticated cross-border financial structures.  This includes structured finance and CLOs, of which the Maples Group is the market leader in Jersey, as well as private client and employee benefit trust work and corporate finance transactions.
Since January 2023, the senior fiduciary services team in Jersey has increased by five, while the overall client-facing headcount has grown by nine to 23.  The firm expects continued strong growth and related additional hiring to continue into 2024.  In July, Vice President Sheraim Mascal also relocated from the Cayman Islands to the Jersey office, bringing her specialist fiduciary expertise in structured finance.  Glenn Boddie joined as Vice President in March, specialising in administration of private equity and debt fund structures.

"Given the substantial growth in our business over the past 18-months, it is essential we have the right professionals in place to support our clients' business objectives in a constantly changing regulatory landscape," said Robert Lucas, Senior Vice President and Head of the Jersey fiduciary group.  "We are delighted to bring these senior practitioners from our Group offices to Jersey, as well making a significant investment in the best local talent."

The Maples Group's Jersey office provides full service and specialty legal services for corporate, finance and funds and investment management, through its international law firm Maples and Calder, and fiduciary and fund services through its financial services firm, MaplesFS.  Earlier this year, the law firm announced the appointment of David Allen as a Partner in Jersey.  Globally, the Group comprises over 2500 professionals in 16 locations worldwide.



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