Jersey-based Fairway Group is expanding internationally with the opening of an office in Bahrain.
The firm, which offers trust, fund and pension services, said the move into the Middle East comes on the back of its longstanding partnerships in the Gulf region.
The group’s international business development executive, Graeme Fairlie, will also take on the role of regional manager in Bahrain.
Born the in Gulf, Fairlie has lived in Lebanon, Bahrain, Dubai, India and Turkey.
Building its presence
Commenting on the move, he said: “We see Bahrain as a business-friendly, competitive landscape which is the perfect place for us to build our presence in the Gulf.
“We are seeing increased interest in highly regulated international finance centres like Jersey, to provide additional comfort outside the GCC.”
Louise Bracken-Smith, chief executive of the Fairway Group, said: “The opening of our first office outside Jersey, in such a historical location and iconic building, marks an exciting step for us.”
Based in St Helier, Fairway Group has £5.5bn ($7.2bn, €6.3bn) of assets under administration and around 100 members of staff.
