Abacus Group, an Isle of Man-based fiduciary and fund services provider, has launched a new Abacus Financial Services Group.
According to Abacus, the new group structure will include Abacus Financial Services Limited (AFSL) in Isle of Man, and two entities in Malta, Abacus Financial Services (Malta) Limited (AFSML) and Abacus Corporate Services Limited (ACSL).
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Paul Kneen, former managing director of AFSL and AFSML, has been appointed as CEO of the new group, while Martin Heaney has been promoted to managing director of AFSL.
Commenting on the launch, Kneen said that the formation of the new group aims to advance the growth of business across the full range of solutions provided by its respective companies and to consolidate management and responsibility of group resources in order to create synergies that support our focus of new business acquisition and growth.
"Having established fiduciary and fund entities in Malta to complement our service offering already available in the Isle of Man, we have positioned ourselves in two key financial centres to allow us to service both the offshore and onshore financial markets.
"As Abacus Financial Services Group, we will continue to develop our range of products and services within the Pensions, Funds, Fiduciary, Yachts and Aircraft industries offered from our offices in Malta and the Isle of Man," Kneen added.
