Independent corporate, fund and trust administration firm Belasko has hired an experienced chief executive officer to help drive the business forward.
Paul Lawrence has extensive experience in building teams and delivering results at a strategic level, having previously been global head of funds at Intertrust in London and, before that, group director at Elian Global.
Mr Lawrence, who will be based in Jersey, relishes the opportunity to take on the new group role at Belasko, which remains independent, distinguishing it from many listed and private equity-owned businesses in the sector.
“Belasko is an undiscovered gem in the independently-owned corporate, fund and trust administration space, with a high quality and loyal client base and an experienced management team,” he said.
“A common theme among clients is a desire to form a long term relationship with their provider, and this is an objective Belasko is fully aligned with.
“There is a huge amount of potential in the business which benefits from the support of very entrepreneurial shareholders, who themselves have huge practical experience in this area and are supportive of the long term goals of the group.”
Belasko provides administration services to private capital funds, primarily with asset classes spanning real estate, venture capital and private equity, as well as traditional corporate and trust administration services to international companies and private clients.
Mr Lawrence said that outsourcing administration was becoming increasingly attractive to fund managers, in light of onerous regulatory responsibilities, allowing them to concentrate on their prime objective of returning investor and shareholder value.
Nicola Walker, managing director of Belasko Administration from the outset, said: “We welcome Paul’s involvement in the business. His experience makes him ideally suited to this strategic role spearheading the next phase of Belasko’s growth.”
Belasko was established in Guernsey in 2011 and opened in Jersey in 2017. It employs 30 people across both islands.
