A bank spokesperson confirmed that Coutts expects to add “at least 15 jobs” in Jersey this year, as it increases its trust business employment on the island to around 90 from its current level of 75 employees. Coutts’s planned investment in its Jersey trust business was described as in the “multi-million pound” range.
It is also “restructuring” is trust business in Geneva, the company said, although it stressed that it “remains committed to Switzerland”, which it noted remains “a key hub” for its onshore and international business.
Coutts has been operating in Switzerland since the 1930s, and currently maintains what it says is a “committed presence” in Zurich and Geneva.
In a statement, Coutts said that its plans for the development and expansion of the Jersey operation would see it investing in product, services, training, infrastructure and recruitment, “to create a flagship trust company, from a single centre of expertise”.
Martin Hall heads up Coutts’s international trust business, while Paul Eva oversees the Coutts Crown Dependencies operation.
