The group said that its new business has risen rapidly over the past year.

Jersey-based VG, which provides trust, corporate and fund administration, yesterday reported a 225 per cent rise in new business in its 2020/21 financial year from a year earlier.  It also announced that it had a made a number of hires and two promotions.

(WealthBriefing has asked the firm for more detail on its new business results, and may update in due course.)

Aaron Smith, who joined VG in 2018, has been promoted to senior trust officer; he specialises in managing VG’s restricted services clients. Within the private wealth team Tommy Ling, who joined VG in 2020 as a trainee trust administrator after exiting a seven-year career in the travel industry, has been promoted to trust administrator. Joining Ling in the private wealth team is new starter Matt Philpott, who was appointed as a trust administrator.

VG has also appointed two trainee fund administrators in its funds team - Zach Ellam and Lewis Mold.

The group has added to its technology and compliance teams. Gareth Ashby, who has been appointed as business intelligence solutions developer, has more than 20 years of experience of maintaining and developing solutions within the finance and medical industry.

Jessica Giraffa has joined as a compliance administrator.