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Stenham Trustees and Cannon Asset Management have announced the successful completion of a management buy-out which has created the Stenham Cannon Group, a new fully-independent business with operations across Guernsey and Alderney.
Stenham has been operating in Alderney for 35 years and Cannon is celebrating its 25th anniversary in Guernsey this year.
With over 80 employees in the Group across the Bailiwick, it is now one of the largest privately-owned employers in Alderney.
Prior to the successful purchase, both companies were owned by Peregrine Financial Services, a South African company.
The Group business is led by Richard van Vliet, who spoke optimistically about the new venture.
“We are delighted to confirm the success of the buy-out and formation of the Stenham Cannon Group,” he said.
“By combining a wealth of experience with private, independent ownership we will be able to fly the flag for the Bailiwick as a jurisdiction of excellence with the ability to concentrate on bringing new business to the islands.
“The move also opens up opportunities to enhance employee participation in ownership whilst providing bespoke expert solutions for trust and company administration, fund administration and wealth management.”
The move out of Peregrine Financial Services will also create further opportunities for the Group to offer international, individual and corporate clients a bespoke approach to offshore services.
The Group’s operating companies are licensed by the Guernsey Financial Services Commission and can conduct fiduciary and investment business, including fund administration.
Pictured (top) – left to right: John Rivers-Moore, Chris van Vliet, Adaliz Lavarello and Richard van Vliet.
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