Stephen Rafferty will be based in Vestra’s Jersey subsidiary. He will be responsible for developing relationships with fiduciary companies and high net worth individuals.
He has over 30 years’ experience in the industry, previously holding positions at AIB and Bank Leumi.
Vestra’s head of business development Tony Allan said Rafferty’s appointment “forms part of a wider plan to double our headcount in Jersey in the next 12 to 18 months”.
Last May Vestra launched a new company called Vestra US. The new company is aimed specifically at clients that face the complex regulatory and tax issues which are a by-product of moving between the UK and United States.
The firm also announced it had bought out a minority stake in its business held by Goldman Sachs in July of the same year. The bank had held an 11% share in the wealth manager since it launched in 2008, helping it to grow and expand its platform.
