Bedell Trust, a Jersey-based independent trust company, has further extended its international presence by establishing operation in Cayman.
The company will provide a wide range of trust and corporate services to clients from its Cayman operation.
The new operation, Bedell Trust Cayman Limited, will be managed by Cayman trust and fiduciary business.
Grant Barbour, a director of Bedell Trust Cayman, will head up the Cayman business, the company said.
Barbour Commented: "The Cayman Islands are one of the leading Caribbean jurisdictions for locating investment structures and is popular with many of our clients, especially those in the Middle East and Far East.
"Establishing an operation in Cayman fits with our strategy of investing in leading locations where our clients are doing business and aligning ourselves with like-minded business partners in the key markets. It further increases Bedell Trust’s international footprint and enhances our multi-jurisdictional service capabilities."
Bedell Trust recently extended its international reach by acquiring a majority stake in a trust company in Singapore and this year strengthened its presence in European markets by opening an office in Luxembourg.
Established in 1971, Bedell operates in Jersey, Guernsey, London, Dublin, Mauritius, Singapore and Luxembourg.