Offshore law firm Ogier has lured Ian Cain from Goldman Sachs to take up leadership of its private wealth service.

As director and head of Ogier Private Wealth, Mr Cain will focus on the continued development of the division and the promotion of its legal, fiduciary and administration services across the Ogier’s businesses and markets.

“We’re confident that Ian will make an immediate impact to our private wealth service.  His experience within the advisory and investment management industries means that he understands the needs of our private client base and has the experience to recommend solutions that will meet both their existing and future wealth planning requirements,” said Philip Norman, group director and head of private client administration.

Mr Caine had previously been head of UK strategic wealth advisory at Goldman Sachs since 2006.  Prior to Goldman, Mr Caine was a tax partner and head of family business at London law firm Boodle Hatfield.

Ogier Private Wealth was launched in 2008 to provide wealth management services to ultra high net worth individuals and family businesses. Among these services are the establishment and administration of trusts, and the formation and administration of investment funds, particularly in the area of private funds.

The private wealth team comprises over 20 lawyers and 50 professional administrators who work across Ogier's offices in Bahrain, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, Ireland, Jersey, London, Montevideo, New Zealand and Tokyo.

In other developments, Ogier has appointed Michael Fay as managing director of its British Virgin Islands legal operations. Mr Fay, who takes over from Duncan Smith, specialises in litigation and corporate law. He was one of the founding partners of WSmiths, and joined the Ogier group when the two firms merged in February 2007.