The deal is subject to regulatory approval.

Carey is a boutique fund, corporate and private wealth services provider. The operation will complement and enhance Suntera’s current Guernsey offering.

With a team of 80 specialists, Carey currently provides a range of professional, administrative and accounting services to a portfolio of fund managers, large institutions, ultra-high net worth individuals and family offices around the globe.

The acquisition comes a year after Suntera Global bought Channel Islands-based Nedgroup Trust for an undisclosed sum.

David Hudson, group chief executive of Suntera Global, said: “The addition of Carey, a high-quality business with an impressive, closely aligned team and a strong track record across all three divisions, to our strategically important and fast-growing Guernsey business is a great milestone.

“This acquisition forms part of our ongoing strategy of continuously developing our offering and capability to further enhance the services offered to our clients in each of our tier one jurisdictions.”

Suntera Global is a multi-jurisdictional provider of corporate, fund and private wealth services. It has over 475 specialists supporting a global client base from offices in the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersey, Guernsey, Luxembourg, Malta, and the US.

The wealth manager has recruited Justin Onuekwusi as chief investment officer.

He will join SJP in October.

Onuekwusi has more than 20 years of experience in the investment management industry, having recently worked as head of retail investments, Emea and head of retail multi-asset funds at Legal & General Investment Management.

Boston Multi Family Office

The Isle of Man-headquartered family office has made several changes to its management team.

Nick Gilbert joins as chief financial officer and will lead all financial operations in both Boston’s Isle of Man and Malta offices.

Stephen Wilson becomes chief operating officer and will join the group board and the board of Boston Limited.

He has been promoted from head of group finance. Wilson takes over the position from Alex McNee, who along with chief executive Katherine Ellis, led the management buyout of Boston in 2019.

McNee will now assume the newly created role of group director, mergers and acquisitions.

Boston is also announcing the appointment of Richard Grainger as chairman.

He has spent 30 years in corporate finance since qualifying as an accountant with PwC and was formerly chief executive Officer of Close Brothers Corporate Finance.

Nucleus

The wrap platform has hired Mark Hastings as group finance director.

He has spent the last 18 years working across the platform industry, with the last six as head of finance at Hargreaves Lansdown.

Suntera Global

The financial services provider has appointed Kathryn Wilkinson as head of operations.

Prior to joining Suntera, Wilkinson held the position of director of central operations at the Jersey Financial Services Commission (JFSC).

Financial Planning Standards Board

The international professional body has named Ana Claudia Akie Utumi as chair of the board for a two-year term.

She succeeds Garry Muriwai.

Utumi is the founding partner of Utumi Advogados in Brazil and has more than 30 years of experience in tax.

Butterfield

The banking group has named Robert Kirkby as a director of its Jersey operation.

Kirkby was an advisory partner at international accountancy firm KPMG Channel Islands.

Farro Capital

The Singapore-based wealth management firm and multi-family office has appointed Vincent Valladares as a senior adviser.

He brings over 27 years of international finance experience and led teams at various banks including Bank of Singapore, RBL Bank and Citibank.

Janus Henderson Investors

The asset management giant has hired Shanice Loo as director of sales management.

In this newly created role, Loo will coordinate sales campaigns, oversee distribution team workflow and manage Janus Henderson’s master agent relationship in Taiwan.

Loo joins Janus Henderson following a brief career break.

Prior to that, she was head of funds distribution at Aberdeen Standard Investments, where she garnered more than a decade of client service experience.

Partners Capital

The outsourced investment office has appointed Euan Finlay as head of Emea.

He joins from Goldman Sachs in 2009, where he worked in their investment banking division focused on mergers and acquisitions.

Finlay succeeds John Collis, who will be retiring after 19 years with the firm.

The advice network has appointed Helen Ball as chief executive.

Ball was previously managing director of Tenet and has over 40 years’ experience in the sector.

She has previous experience undertaking strategic reviews and has been working on the firm’s strategic review to date.

Following this change, Mark Scanlon, chief executive, and Martin Tyler, chief financial officer, will be leaving the business with immediate effect.

Progeny

The financial planning group has named Caroline Hawkesley as UK managing director as part of a restructure to strengthen its position in the UK market and prepare the business for future international growth with the imminent acquisition of The Fry Group.

Hawkesley will move from her current role as chief operations officer in the business.

She began her career in the banking industry before co-founding her own financial advisory firm Evolve. When this was acquired by Progeny in 2018, she went on to head up the operations team.

In her new role, Hawkeseley will manage and direct Progeny’s activities in the UK.

Progeny founder Neil Moles remains in position as chief executive.

Nedgroup Investments

The asset manager has hired Apiramy Jeyarajah as chief commercial officer for its international business.

She is based in London.

Before joining Nedgroup Investments, Jeyarajah was head of UK wholesale distribution at Aviva Investors and the head of financial institutions for UK and Israel at HSBC Global Asset Management.

Suntera Global

Anne Baggesen has announced she is stepping down from her role as managing director of the firm’s private wealth division.

She said via a Linkedin post: “I am going to taking a break for a few months before I decide what I should venture into and explore what new opportunities are out there for me.”

Baggesen has spent 19 years at Suntera Global.

PKB

The private banking company has named Alfonso Rivolta as group head of wealth solutions.

He joins the bank from EFG, where he was global head of wealth planning.

Bank of Singapore

Ranjit Khanna has joined the bank as chief executive of its Dubai International Financial Centre (DIFC) branch and global market head of the Middle East, subject to regulatory approval.

He was most recently the chief executive of the Singapore office of Union Bancaire Privee as well as its head of private banking for south Asia.

Khanna is a replacement for Alexandre Lotfi as chief executive of the DIFC branch, who is relocating to Singapore to continue in his other role as global chief risk officer.

Meanwhile, Vikram Malhotra, who previously oversaw the business growth of the DIFC branch from Singapore, will now focus on expanding the bank’s coverage of the non-resident Indian segment across Asia as global market head of south Asia.

Julius Baer

Marco Parroni, currently head of global brand partnerships and sponsoring, has been promoted to chief marketing officer at the bank.

Parroni joined Julius Baer in 2013.

Antje Hembd will succeed Parroni as head of global brand partnerships and sponsoring.

Also, the private banking group has expanded its operation in Brazil with the hiring of a team from Grimper Capital.

The team that will join Julius Baer Brazil during the course of April includes:

• Sylvio Castro, founder, and main partner at Grimper Capital. He will be responsible for all the relationship managers at Julius Baer Brazil and hold the title of head of client management Brazil;
• André Szasz is a partner at Grimper Capital; and
• João Freitas is the third partner at Grimper Capital.

Other senior members of the Grimper Capital team who will join Julius Baer Brazil include Mariam Dayoub, Alexandre Mastrocinque, Sidney Uejima, Thiago Marchiore, Rafael Ribeiro, and Vito Ferreira.

Asset Co

Gary Collins has stepped down from his role as head of distribution at the wealth and asset management consolidator, according to a Linkedin post.

He joined the firm in July 2021 from Columbia Threadneedle Investments, where he was head of distribution for Emea and Latin America.

Weatherbys

The private banking group has hired Maya Lewis and Anthony Rawlinson as private bankers.

Lewis was previously at Investec, where she worked with a focus on sports and entertainment clients.

Rawlinson previously served as a discretionary portfolio manager at Coutts and head of private banking for Standard Chartered in Abu Dhabi.

Robeco

Ralf Oberbannscheidt has been appointed as global head of thematic investing at the asset manager.

In this role, he will oversee the teams and further development of the active thematic investing offering.

Oberbannscheidt joins from Global Thematic Partners, New York (GTP), of which he was a founding partner and portfolio manager.

The acquisition, which is subject to regulatory approvals, will strengthen Suntera Global’s offering as well as extend its reach with an operation in Guernsey.

Nedgroup Trust has a 70-strong team across the Channel Islands, with 50 of those based in Guernsey, and supports an international client base including in South Africa.

Currently owned by Nedbank Private Wealth, Nedgroup Trust provides a range of services to high net worth, ultra-high net worth individuals, family offices and owner managed businesses.

The Nedgroup Trust team will add expertise to Suntera Global’s existing office in Jersey and the firm’s wider international footprint in Cayman, the Bahamas, the Isle of Man, Luxembourg, Malta, Hong Kong and Switzerland.

‘Exciting plans’

David Hudson, group chief executive of Suntera Global, said: “This acquisition will strengthen our current service offering, enhance our Channel Islands’ capability and expand our reach to an additional jurisdiction.

“Nedgroup Trust combines strong operational expertise with building lasting relationships and providing a personal, flexible and tailored service – attributes that align perfectly with our own emphasis on creating a high-quality international business established on a strong platform delivering sustainable, responsible growth.”

Stuart Cummins, chief executive of Nedbank Private Wealth, added: “Under the new ownership of Suntera Global, our trust company clients will have access to enhanced global structuring capabilities.

“Once completed, this transaction will also provide continuity of service to our clients from their existing client teams in Guernsey and Jersey, together with certainty of employment and career opportunities for our people.

“We have exciting plans for the Nedbank Private Wealth business as we continue to provide investment advice, wealth planning, lending and banking services to our clients, through our wealth management teams in Jersey, Isle of Man, UK and Dubai, together with our group wealth management operations in South Africa.”