New business structure introduced at Moore Stephens

Moore Stephens in Jersey has announced a new business structure taking effect from October of this year.

The restructuring of the business sees Moore Stephens (Jersey) Limited reform as a holding company, with its various departments becoming individual businesses in their own right.

Managing director of one of the newly formed business, Moore Stephens Fund Services, Nick Solt, said: “Moore Stephens has always benefitted from the diversity of our practice areas but we need to adapt to the market and to current trends and that means that our clients will be better served by this restructure. Each of our business lines will become an individual business, linked by a common holding company. We will have greater autonomy and independence, and greater management control of differing business areas - but we will also still benefit from strong links to our colleagues in the other entities and to the wider Moore Stephens network.

Angus Taylor has been appointed managing director of Moore Stephens Trust & Corporate Services.

Mr Taylor is an experienced wealth management professional with extensive experience of running high-performing banking, investment, fund and trust businesses across multiple jurisdictions.

“Angus’ appointment is a very positive step for Moore Stephens,” said Mr Solt. “He is a strong communicator with the ability to relate to staff, management and clients at all levels; with a focus on delivering solutions in a professional way.”

Moore Stephens Senior Partner Richard Moore said: “Our business in Jersey is evolving to meet the needs of our clients. The restructure of the business represents a clear and positive commitment to the demands of an evolving financial services environment and will allow us to continue to provide an efficient service to our customers.

“Our skilled and experienced employees will still be the first point of contact for their clients and we expect there to be little disruption to client services during the restructure.”

Moore Stephens (Jersey) Limited will be the holding company, with the newly formed entities being Moore Stephens Fund Services, Moore Stephens Trust and Corporate Services, Moore Stephens Audit & Assurance and Moore Stephens Restructuring & Insolvency.