The funds business will commence trading on 1 January 2018.

After its first year since the management buy-out from Coutts & Co, Highvern Trustees is launching a new fund services business in Jersey.

Highvern Fund Administrators will be a boutique provider that focuses on delivering a bespoke private capital service, the firm said in a statement.

The funds business will commence trading on 1 January, 2018 and will provide a complementary service to Highvern Trustees.

The business will operate under the leadership of Aidan O’Flanagan. 

“Highvern has a strong reputation for providing expertise, high quality client relationships and continuity of service” added Martin Hall, managing director at Highvern. “We have seen that already in the private client mandates we have retained and won since the buy-out, and now we aim to do the same in the private capital funds arena. This blends seamlessly with our existing proposition, so we are looking forward to working with Aidan and getting out there to share the news of our exciting, new proposition and team in the weeks and months ahead.”

Highvern Trustees provides trust and company administration, family office, real estate and corporate services to its international client base. It also has experience in family governance and business succession planning services.