Belasko is pleased to announce the expansion of its leadership team with the appointment of Alice Heald as Group Head of Marketing.
In her new role, Alice will leverage her extensive 10+years of financial services marketing experience to spearhead strategic marketing initiatives across Belasko’s core markets.
“We’re delighted to welcome Alice to our team,” said Ross Youngs, Chief Commercial Officer at Belasko. “We’re setting our sights on ambitious growth goals in the coming years and now, with Alice on board, she can lead the charge in strengthening our marketing strategy, pushing boundaries and elevating the Belasko brand to new heights”.
Prior to her role at Belasko, Alice has worked at companies including SS&C Technologies and Intertrust Group (now CSC), where she’s gained invaluable insights and experience into executing bespoke marketing campaigns tailored to the private capital funds and financial services sectors.
On her appointment, Alice said: “I’m thrilled to be joining the team at such an exciting time of rapid growth, change and evolution for this business. I’m here to challenge the status quo, redefine the way we do things and be bigger and bolder in our approach to really set ourselves apart from the masses. Most of all, I’m excited to be a driving force of growth and innovation that will help take Belasko to the next level. Let’s get started!”
Belasko is proud to sponsor the BVCA Accelerate conference, taking place across 21-22 May 2024.
The two-day conference will cover key industry topics, including angel investors, venture and growth equity.
With the opportunity to connect with a wide range of other industry professionals, the conference promises two days of sessions covering the latest thinking on geopolitical economy and politics, cutting-edge technology, diversity, ESG, and more.
If you plan to attend the event and would like to meet our team, get in touch with our Group Commercial Director, Ross Youngs, to set up a meeting.
Belasko continues the growth of its senior leadership team with the appointment of Alex Le Prevost as Associate Director.
In his new role, Alex will utilise his 18 years of experience in the private wealth sector and oversee the Guernsey fiduciary team and drive growth initiatives within the business.
Andy Bailey, Group Head of Private Wealth at Belasko, said: ‘We are pleased to welcome Alex to the team. We look forward to supporting him drive new initiatives and continue the business’ chapter of growth across all jurisdictions of operation. His experience and knowledge of off-island markets complements our existing team.’
Alex has a strong background in the South African market and is eager to share his knowledge of client relationships with the team.
On his appointment, Alex said: ‘I’m very excited for the opportunity to be a part of Belasko’s exciting future and join what is already an energised senior management team. I look forward to working across our jurisdictions to continue delivering excellent client services.’
Belasko has acquired Jersey-based family office business, BKS Family Office Limited, to complement and expand Belasko’s existing family office and private wealth offering.
The deal increases the experience and capacity across the group in Jersey, Guernsey, Luxembourg and the UK.
Paul Lawrence, Group Managing Director at Belasko, said: ‘We’re delighted to have come to this agreement with BKS which will build the scale of our operating model in Jersey whilst continuing to deliver outstanding client service. The acquisition of BKS delivers critical scale to our Jersey business but also enhances our private wealth and family office services across all of our operating jurisdictions. This acquisition cements our commitment to Jersey and our continued innovation in the family office sector.’
Chris Bevan, Managing Director at BKS, added, ‘We were looking for the right partner to help BKS in the next chapter of its growth whilst supporting succession goals for our leadership team. The personal relationships with Paul and the entire Belasko team gave us the confidence that we could do this whilst continuing to look after our clients and all members of the team.’
The combined Jersey business will relocate to the existing BKS offices on New Street with 35 highly experienced private wealth practitioners, another milestone for the Belasko Group.
A recurring theme of WE ARE GUERNSEY’s 2022 Private Wealth Forum was that Guernsey is a safe harbour for private wealth. It’s a stable jurisdiction with a stable government and legal system, and first-class financial services.
With ongoing economic, social and political tensions, the island is a calm port in a storm. With so much uncertainty, Guernsey can bring a high degree of comfort and security to international families looking for a service provider in a stable jurisdiction that can look after their best interests.
This sentiment is reflected in the enquiries that we’re getting at Belasko. We have clients who have structures in Caribbean jurisdictions, for example, who are now struggling to bank those structures, so they are looking to migrate those companies into the Channel Islands. They are moving to different administrators in a jurisdiction with a positive profile and global regulatory bodies such as FATF and OECD, which have good links to the banking and investment intermediary market. This point was echoed by the panel at the Private Wealth Forum.
Another key theme the panel discussed was how families bring the second generation into succession, investment, ESG, philanthropy and family governance discussions. The traditional model of a matriarch or patriarch keeping tight reins on wealth management, distribution and succession is gradually being replaced with a more open approach.
What we are seeing much more now is that families want to get the next generation involved earlier. Sophie Ward, Head of Charities & Education at HSBC, agreed, explaining that implementing good governance earlier helped to mitigate the risk of disputes.
I’d agree; disputes often arise when the matriarch or patriarch passes away and the younger family members, all with different viewpoints, visions of wealth solutions and causes close to their hearts, start to get involved in decisions and discussions about how the family’s assets should be maintained and/or distributed.
We encourage early involvement from the wider family on the vision for the family wealth. When this happens, there is a greater chance of asset transfer through the generations.
This increasing next-gen involvement also ties into a great ambition amongst high-net-worth families to have a clear purpose for their money. As a result, wealth creators are now looking more closely at what impact they want their money to have in the long term.
Having a clear vision is very important. Involving the younger family members in formulating that vision is more commonplace, which is another reason we see more involvement in ESG-type initiatives and philanthropy. So, it’s essential to have a flexible structure so that it can be utilised for any of those family ambitions.
We find that the second and third generations are highly educated; they want to be more involved and make a positive impact on the world.
Another key trend picked up by the panel at the Private Wealth Forum was technology. We’re already seeing more interest in investments in FinTech initiatives, whether digital assets or the financial technology services market.
Belasko’s technology solutions are designed to make our clients’ lives easier. We are their eyes and ears; we’re there to help them take the friction and stress out of their life by being a point of reference for them.
Our clients know that we’ve got the day-to-day management of their wealth covered for them, and they can concentrate on strategic investment decisions and the wider purpose and legacy of their investments.
Astronaut Tim Peake started the session by discussing how people work together as a team to achieve a common objective. The theme of people working towards a shared goal continued throughout the afternoon, and Russell Clarke of Carey Olsen closed the session by saying: ‘What sets Guernsey apart is its people.’ It was clear from the panel’s discussions that Guernsey’s high calibre of professionals is one reason the island is seen as a leading financial services centre.
Families are turning to a variety of structures to preserve, enhance and transfer wealth to future generations. From traditional trust and private trust company (PTC) arrangements to family investment companies (FICs) and private investment funds (PIFs), Belasko has experience in a wide variety of structures and family scenarios and will be happy to discuss the best option with families and their advisers.
Ross joined Belasko in 2021 to lead the Groups commercial growth strategy in Private Capital Fund Administration, Corporate Administration and Fiduciary services.
He has over 20 years’ experience in the Offshore Fund and Fiduciary markets holding leadership roles in Alternative Assets, Sales, Relationship Management and Client Service for a global provider.
Working with managers across the UK, US, Europe and Middle East, Ross has helped clients launch fund and investment structures in the Private and Public markets focusing on Private Capital and Real Assets. His experience covers multi location, complex fund servicing and has a strong understanding of Fund Administration, Banking, Financing, Custody and Depositary Services.
Ross seeks to create proactive partnerships with clients based upon trust, a long-term strategic commitment and great service.
Ross is an Associate of the Chartered Institute of Banking and holds a BSC (Hons) degree in Financial Services.
Hannah joined Belasko in 2023 overseeing leadership, performance and culture.
With 17 years of experience in Guernsey’s finance industry, Hannah has worked across fund administration, corporate services and company secretarial services.
Hannah is an Associate of the Chartered Governance Institute and has a keen interest in how governance interplays with all areas of business from processes to people and culture. She is passionate about the development of people and the role of women in business.
Andy joined Belasko in 2020 to lead the Fiduciary offering across the Group.
Andy has over 20 years’ financial services experience having spent the last 12 years at leading independent trust companies, where he has held senior management, Director and Board level positions. Andy has extensive experience in complex Private Client and Corporate structures for UHNW international families, and has been appointed to various regulated and private entity Boards. These Board appointments have required the management of various regulated financial services obligations, together with the active management of a range of asset classes including residential and commercial property, peer to peer and private leverage arrangements, listed investment strategies, private equity, art and other esoteric asset classes. Andy holds a BSC (Hons) degree in Management with Trust and Estates through the Manchester Business School, as well as the Society of Trust and Estate Practitioners Diploma. (TEP).
James joined Belasko with more than 30 years of experience within trust and corporate fiduciary sectors.
He spent a number of years working in Bermuda after qualifying as a Chartered Accountant, before returning to Jersey where he has since held senior positions in a number of fiduciary services businesses.
James’s focus has always primarily been on Private Client services, developing long-term personal relationships with clients and their families, assisting them to fulfil their succession plans, preserving and enhancing wealth through the generations.
Paul is an Associate of the Chartered Institute of Bankers and hold a B.Sc. in Financial Services; he is a member of STEP and a Fellow of the Chartered Institute of Management.
Paul has considerable experience and understanding of all aspects of trust and corporate planning, structuring, administration and of related regulatory compliance matters.
His specific focus has been in the delivery of services to European based high net worth clients and intermediaries, and in the creation, operation and management of private and managed trust companies, family offices and offshore funds.
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