Bermuda-based Northstar Financial Services is planning a launch in the MEA region.

Northstar Financial Services (Bermuda) has promoted Mark Rogers to the newly-created position of vice chairman. He will spearhead the company's expansion into the Middle East and Africa.

Rogers, who joined Northstar as a director in July last year, will become more involved in the global activities of the company as it begins operations in the MEA region. Northstar is in the final stages of establishing an office in the region.

“His vast experience and global network of relationships should prove to be invaluable as we continue to enhance our product range and expand into new territories. The Middle East and Africa in particular represent a significant opportunity for Northstar and I look forward to working with Mark in those regions,” said Northstar's head of distribution, Alejandro Moreno.

Northstar specialises in investment products designed for non-US citizens. The company offers a range of investment plans within a Bermuda trust structure and its products are sold via a global network of banks, securities dealers and other financial intermediaries.