Salamanca Group, a London-based merchant banking and operational risk management firm, has opened a new multi-jurisdictional private office division.
The new division has been set up to mainly target wealthy individuals and their families from several locations across the world, according to International Adviser.
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The firm has named Catherine Grum as head of the new private office.
The division, which operates out of London, Jersey, Geneva and Mauritius, will assist clients in expanding their businesses, protecting their assets as well as boost their capital.
Additionally, the firm’s trust, fiduciary and private client services units will also operate within the new division.
Catherine Grum said the new division will partner with tax advisers, lawyers, financial institutions and investment managers to provide a comprehensive service offering.
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By GlobalDataMartin Bellamy, CEO of Salamanca, said that the private office will provide clients access to the group’s wider corporate risk, business intelligence, and corporate advisory services.
"It will also provide client’s potential access to Salamanca’s own corporate and real estate direct investment opportunities," Bellamy added.
