Crestbridge, the re-named financial services firm headquartered in Jersey, has launched a new family office service and a team to serve clients in this sector as it embarks on an expansion drive.

The service concentrates on assisting family offices and family advisors in administering and structuring various vehicles used as part of family office arrangements, including companies, trusts and other holding vehicles, according to a statement from Crestbridge.

The service is designed to complement Crestbridge’s existing corporate, real estate and fund administration services. The firm said the service has been launched 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 Crestbridge has particular expertise.

The firm has appointed family office specialist Heather Tibbo as a director, formerly of Vestra Wealth. She has more than 15 years’ experience in the private client arena and helped to set up Vestra’s Jersey office. She is a member of the Society of Trust and Estate Practitioners.

The launch of the family office service follows from the major re-brand Crestbridge, formerly known as DCG, unveiled in early June this year. The firm has a 15-year pedigree in financial services and administers over $50 billion of assets across multi-jurisdictional structures.