Last year Ogier took the step of opening a law firm in the jurisdiction - something which none of the offshore law firms had done before, for fear that being seen to compete with the onshore firms from whom the offshore firms traditionally receive most of their work might result in a drop-off in referral work. Opening a fiduciary business was a natural progression, and is far less controversial, being a step that many of Ogier's competitors have already taken, as many trust companies seek to establish a multi-national footprint encompassing both traditional offshore locations and international financial centres with large double tax treaty networks.
The new office will be headed by Paul Lawrence (who will be relocating from Jersey) and Michel Thill (formerly of BI-Invest Advisors SA) and will provide administration services to corporate, fund and private wealth companies.
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