Cork Gully, an advisory and financial services firm, has expanded its presence and consulting services with new offices in Guernsey and Jersey.
The firm advises public and closed companies as well as investment funds in financial distress.
Cork Gully specialise in assisting clients by either working alongside or replacing directors and trustees, as well as managing assets for investors in tail-end and challenged investment funds. As part of their expansion strategy, Cork Gully has recently inaugurated new offices in St Peter Port, Guernsey, and St Helier, Jersey.
Cork Gully’s newly established offices in Guernsey and Jersey will leverage the firm’s extensive expertise in restructuring to provide advisory services to funds, corporates, and trusts facing financial crises. Additionally, they will specialize in managing assets for investment funds in end-of-life or special situations.
The Guernsey and Jersey offices will also assume fund management responsibilities, either alongside or replacing existing asset managers. Furthermore, Cork Gully will offer tailored governance solutions to family offices during periods of transition, significant transactions, succession planning, or in cases of disputes. These services aim to address the unique needs and challenges faced by clients in these specific circumstances.
Stephen Cork, Managing Partner of Cork Gully commented: “We are committed to expanding our offering to our clients in Guernsey and Jersey, and the launch of our restructuring and insolvency practice is an important step in achieving that goal. We are confident that our experienced team, led by Hadley, will provide our clients with the highest quality of advice and support.”
Cork Gully has appointed Hadley Chilton (pictured), a highly experienced offshore restructuring expert, as a new Partner to lead their Guernsey Office. Chilton brings with him a wealth of knowledge and expertise, accumulated over a career of more than 20 years. His extensive experience in restructuring and asset recovery encompasses various major International Financial Centres. As Cork Gully expands its services in Guernsey, Chilton will play a pivotal role in heading a growing team dedicated to delivering exceptional advisory support in the field of offshore restructuring.
Chilton is an independent director and insolvency professional who specialises in leading complex engagements, liquidations, mergers and acquisitions, shareholder disputes, succession management, and private wealth management on the Island. Over the years, Chilton was the primary liquidator of multiple collapsed British Virgin Islands hedge funds who had asset recovery matters in Guernsey Royal Court and has assisted clients in the restructuring and solvent wind-down of several Channel Islands UHNW/family office portfolios and private equity funds.
Hadley Chilton, commenting on his new role and on the Channel Islands, said: “The Cork Gully proposition is compelling. The depth of expertise in complex multi-jurisdictional mandates, being conflict-free and agile, as well as bringing the unparalleled heritage of the most storied restructuring firm in the world are just some of the reasons that my new role is inspiring.
“We partner with clients as trusted advisors alongside existing management or take the helm where that may be desirable or necessary. We have been able to bring liquidity and certainty to clients who were experiencing issues with illiquid investments or assets or issues of underperformance.
“I am looking forward to leveraging my experience and network in these areas and to join the leadership team in the expansion in Guernsey and internationally. I have been working with many Guernsey professionals over the years and relish the opportunity to broaden those relationships bringing new ideas and options to exacting client needs and situations.”
The new Guernsey office is located at: Royal Chambers, St Julian’s Avenue, St Peter Port, Guernsey, GY1 2J. The new Jersey office is located at: Forum 4, Grenville Street, St. Helier, Jersey, JE4