International wealth and professional services firm, Maitland is to launch a new office in Monaco, WealthBriefing has learnt.

The Monaco office extends Maitland’s footprint to 12 offices worldwide, to build on the firm’s specialism in cross-border work. It will provide integrated wealth preservation and tax planning, succession planning, fiduciary and company management services.

It follows the recent opening of Maitland’s Cayman office, headed by former Walkers partner Sara Collins.

Maitland’s deputy chairman Michael Solomon and partner Chris Theo will jointly be responsible for developing the Monaco office, multiple jurisdictions.

Mr Solomon has relocated from the London office. He advises high net worth individuals and companies on their international tax and succession planning needs and provides strategic solutions for their commercial interests, such as mergers and acquisitions and joint ventures in multiple jurisdictions, and manages the implementation of those solutions.

Maitland managing director Steve Georgala said: “We are in an exciting phase of expansion and growth at Maitland. As the firm is not jurisdictionally bound we are in a unique position to offer clients cross-border solutions. A Monaco office will bring this benefit to the international private and corporate clients who increasingly require sophisticated solutions in this jurisdiction.”