Close Fiduciary Services, the UK offshore trust and fiduciary business of Close Private Bank, has appointed Stuart Dyer as its executive cha...

Close Fiduciary Services, the UK offshore trust and fiduciary business of Close Private Bank, has appointed Stuart Dyer as its executive chairman and said it plans to expand its business. Mr Dyer, who joins from the UK mutual funds supermarket, Cofunds, where he was chief executive, will take over responsibility for Close’s fund and trust businesses in the UK’s three offshore financial centres: Jersey, Guernsey and the Isle of Man. Mr Dyer said in a statement that his objective was to oversee a period of “aggressive” expansion. “The trust and fund administration businesses have a tremendous reputation and there is a lot to build on.” He added: “My ambition is to make them significant, not just in terms of Close Private Bank, but to the Close Group as a whole. The trust businesses in Jersey, Guernsey and the Isle of Man will function as a single platform and leverage off the combined strength of 100 staff across three jurisdictions, rather than operating as three separate businesses.”