CRAIG Brown and Alex McNee have been appointed as managing directors of IOMA Fiduciary and IOMA Solutions.
IOMA Fiduciary is the IOMA Group’s trust and corporate services provider, while IOMA Solutions is the recently formed wealth management and solutions division, drawing on the extensive expertise within the Group.
The appointments are part of a strategic move to focus on the development of these two areas of the business.
Craig moved to the Isle of Man a little over three years ago and since then has been a director in the trust and corporate services industry.
He is a chartered accountant and chartered tax advisor and has extensive international experience within the aerospace, retail, FMCG, telecommunications and oil industries.
He also holds a Masters degree in Engineering from Cambridge University.
Alex has been a resident of the island for more than 20 years after leaving Scotland to join the personal tax team of Natwest International Trust Corporation, which later became Coutts Offshore.
Alex became a director of an independent trust and corporate service provider in 2005 and joined the IOMA Group in early 2010.
He is a member of the Society of Trust and Estate Practitioners and holds the society’s diploma in International Trust Management; he is also a Fellow of the Chartered Management Institute.
Craig said: ‘I feel privileged to have been trusted with the Group’s fiduciary business and relish the challenges ahead.
‘With a strong team already in place and with access to the Group’s extensive service offering I am confident that we can deliver significant value to existing clients, while bringing new clients to the Isle of Man.
‘Our aim is to be more than just a service provider to our clients, instead we will be a trusted commercial partner, delivering added value through our business relationships.’
Alex said: ‘The past year has been a period of development for the IOMA Solutions concept, and we are very pleased with the positive response from clients. Our ability to offer such a diverse range of products and services under one roof is unique and allows us to tailor solutions to each client’s specific needs.
‘I am excited by the initiatives which are currently underway and see our role as ambassadors for the IOMA Group, drawing together the vast experience which exists within our sister divisions.’
Managing director of the Group, Nigel Wood, said: ‘The world is ever changing – we are no different and our Fiduciary and Solutions divisions have experienced a period of re-engineering in the past year that has not always been easy.
‘IOMA Group believes in empowerment and that is not for everybody. We felt that the time was right to provide separate leadership to each division so that both businesses receive the focus and attention that they need in order to thrive in what is a collegiate environment.
‘In Alex and Craig we have two very able, experienced senior managers, with proven expertise, client focus and who engender the IOMA ethos. Our aim is to grow the business and dazzle our clients, but have fun doing it; these appointments have been made with that aim in mind. What we have never lacked, is determination. Alex and Craig have that and a lot more.’