IQ-EQ has appointed Andy Mallet as its head of operations in Jersey.

Mallet joins from an established Funds Services Group in Jersey. He holds over 15 years’ experience in Jersey and financial services.

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Furthermore, Mallet’s goal is to push IQ-EQ in Jersey into running as effectively and efficiently as possible. He will also help drive business improvement initiatives, process efficiencies and technology enablement.

Mallet said: “I am thrilled to have joined IQ-EQ, a business I have admired and followed from afar for some time. I’m very excited about supporting and helping to lead this business through the next phase of its evolution and growth and I’m energised and excited to work with such committed and collaborative colleagues, locally and globally in the pursuit of that endeavour.”

Mirek Gruna, IQ-EQ’s chief commercial officer for Jersey added: “Jersey is a world-class jurisdiction with an established reputation as a provider of private wealth, fund and corporate services. We pride ourselves on attracting the best local talent to ensure the calibre of our people reflects these same global standards. It’s an exciting time for IQ-EQ Jersey and this investment in people reflects both the continued growth and strength of the jurisdiction as well as our intent for the future.”

IQ-EQ employs 281 people locally and is actively looking to expand its local team.

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In May, IQ-EQ appointed Edward Stevenson has its first head of capital markets as the group plans to expand its service line.

Prior to joining IQ-EQ, Stevenson worked in a consultancy role for a Swiss financial advisory group. As part of his role, he led the strategic development of a HNW wealth management franchise across Switzerland and continental Europe.

In addition, he drove his former debt capital markets team to secure awards in 2019.