Boston is looking to global growth

AT THE HELM: Greg Ellison

AT THE HELM: Greg Ellison

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POPULAR Greg Ellison has not looked back since he ‘crossed the road’ to join the growing family business, the Boston Group Ltd, as chief executive.

And father-of-two Mr Ellison said he is relishing the chance to promote the island as a ‘great place to do business’.

Now he has big plans to expand the Boston Group’s work and to create a bigger foothold on the world stage.

Mr Ellison left his job as managing director at Barclays Wealth earlier this year to take up his top role at the Boston Group just a stone’s throw away in Circular Road, Douglas.

He was at the helm of the island’s largest private employer, with around 1,000 staff in the island, Jersey and Guernsey.

Boston employs 55 people at Belgravia House and Mr Ellison is thoroughly enjoying his new ‘challenge’.


Mr Ellison oversees all of the group’s operations which include the family office, corporate service provider, tax advisory business and a joint venture with Thomas Miller called Portal.

Mr Ellison’s wife Julie and children Lily, six, and Ben, five, are also delighted and like him are settled into life in the island.

He was in his fifth year at Barclays and West Yorkshire-born Mr Ellison was keen to remain in the Isle of Man.

In fact family values are a key factor in the ethos behind the Boston Group. Boston is an independent, privately owned financial services group, which provides a range of services and business solutions to high net worth individuals and their families.

Boston was founded in 2002 as the office for a wealthy family who wished to co-ordinate and enhance the management of their affairs.

While Boston continues to look after the founding family’s interests, it also offers its family services to other individuals who may be able to benefit from Boston’s unique skills and experience.

Mr Ellison, who took over as chief executive last month, said he wants to work closely with the Government to help promote the island and to ‘champion’ it.

‘The island is a great place to do business,’ he said.

‘Here at Boston I am very impressed by the enthusiasm and the calibre of the staff.’

Mr Ellison has made it his business to get to know all the staff and in his first week held an impromptu meeting with them at his office door.

Now he has embarked on a wide-ranging strategic review on where he sees the company going in the next few years. ‘We have set ourselves a growth strategy and I am very excited about the direction that we can take this business,’ he said.

Mr Ellison says he is thrilled about working ‘at the coal face’. Working for a smaller family company there are fewer managerial levels than when he was at the bank. So it is very much a case of ‘rolling up the sleeves’ and getting on with the job, he said.


Mr Ellison said international expansion was high on the agenda. ‘I want to make sure that we have a foothold,’ he said.

He pointed to the growing wealth of people in the east and Asia including Hong Kong, China, Singapore and India. And his own extensive experience and network of contacts should help in the development of business helping to ‘open doors’.

Mr Ellison said the Boston Group’s decision to be one of the main sponsors of this September’s Commonwealth Youth Games in the island was a ‘tremendous opportunity’ to promote the island.

It was also typical of the group’s commitment to the island and the values it upholds.

Mr Ellison is keen to work closely with the Isle of Man Government and this includes the recently appointed Director of International Business Development, Michael Charlton.

On the day Business Examiner met Mr Ellison he was preparing for his first meeting with members of the Boston board and he was also due to meet a representative of the Financial Times as part of a forthcoming feature on the island.

As part of his duties there will also be some foreign travel ahead. But Mr Ellison prepares for his busy days by going to the gym before work.

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