Nerine Fiduciaries in the British Virgin Islands has promoted deputy managing director, Wayne Francis, to managing director following previous managing director Jonathan Bailey’s move to Nerine’s office in Guernsey.
Mr Francis joined the Nerine BVI team in March 2007 having spent 10 years in the BVI financial services industry as a financial controller and also a short period as a compliance officer. He was promoted to deputy managing director in 2013.
“I am looking forward to the challenge of stepping up to managing director,” said Mr Francis.
“The BVI is a leading provider of offshore financial services, with a strong relationship key industry partners and stakeholders and I’m confident in leading the team forward as managing director through having already cultivated working relationships with our clientbase.”
“Wayne’s promotion felt like a natural move as he has years of experience and will lead the BVI office exceptionally well,” said Nerine executive chairman, Keith Corbin.
“We are confident our office in the BVI is in strong and experienced hands and it reflects on our culture at Nerine to develop our team to the highest professional standard.”
The BVI office is fully staffed and resourced with a team of approximately 30 full-time staff including accountants, chartered secretaries and trust and estate practitioners.
Nerine was recently acquired by PraxisIFM, joining a global business with offices in 15 different jurisdictions. The Nerine senior management team has committed to staying with the Group for a minimum of three years.