Kinetic Partners has opened a new office Jersey, the firm’s first presence in the Channel Islands.
The new Channel Islands office will support global financial services organisations and local firms, with a focus on regulatory, compliance, due diligence, tax and forensic and dispute advisory services and will be headed by Malin Nilsson, Director at Kinetic Partners. Nillson has been with the Firm since 2007 and specialises in regulatory compliance, concentrating on governance, systems and controls, risk management and suitability, KYC and AML, as well as forensic investigations.
Kinetic Partners marked the opening of the new office with an event in Jersey last week, which was held in conjunction with offshore law firm Mourant Ozannes, and addressed current trends in offshore M&A.
Attended by over 100 senior figures in the Channel Islands’ legal, trust and private equity sectors, the event addressed some important issues about the prospects for the global fiduciary sector. A survey of attendees revealed that 36% of respondents believe the biggest challenge facing the fiduciary sector is increasing global regulation, while 30% are most concerned about the opportunities for growth for the sector. The task of managing risk as an international business was not seen as a considerable challenge.
Almost half of the audience believed that private clients offer the greatest opportunities for growth, compared to just over a third who see corporate clients as a future source of growth. Hong Kong is increasingly emerging as a favoured global financial centre, with 39% of respondents seeing it as the jurisdiction with the greatest growth potential, followed by 14% choosing Singapore and Luxembourg.
Julian Korek (pictured), a Founding Member of Kinetic Partners, says: “With its distinguished constitutions and proximity to EU markets, the Channel Islands occupy an important position in the global financial services industry, and we are delighted to be opening an office here. The jurisdiction’s legal and regulatory frameworks pose unique opportunities and challenges for firms operating here, and we look forward to helping firms navigate the local and global regulatory landscape at what is clearly a time of unprecedented change for the sector.”
This is the third new office opening for Kinetic Partners in short succession, with a new office launched in Hong Kong and the acquisition of AB Fund Services, a Luxembourg-based fund advisory firm, earlier this year. Global expansion continues to be an important aspect of the Firm’s business strategy.