Brooks Macdonald International has appointed a new senior business development manager.

Brooks Macdonald International, which is part of the UK-listed Brooks Macdonald Group, has appointed a new senior business development manager to oversee management, advisory and foreign exchange services in its Jersey branch.

Lindsay Bateman, who has 35 years’ experience in the financial services industry will join BMI where he will be responsible for targeting new business opportunities across the international professional adviser markets.

This move comes after BMI appointed former Canaccord manager Jeremy Stubbs earlier this year to lead its investment advisory and dealing teams.

Formerly an executive director for business development at Ermitage Group, he was responsible for developing new contacts with institutional and retail clients within the Channel Islands, UK and internationally, and is a member of the Chartered Institute for Securities and Investment.

Bateman said BMI is well suited to the needs of international investors looking for offshore exposure to a full range of global assets, which complements his previous experience as managing director of private client services at Standard Bank Offshore Group.

“As Southern Africa develops economically, international professional advisors are increasingly able to access offshore investments and are moving away from holding their clients’ assets in banks and lower-earning investments, in order to benefit from greater security and returns from their assets,” said Bateman.

BMI is a subsidiary of Brooks Macdonald Group, which had £5.68 billion ($9.45 billion) in funds under management as at 31 December 2013.