A company involved in specialist wealth management has announced senior appointments to its island operations as it continues ambitious growth plans.

As Utmost Wealth Solutions extends its global reach, having doubled assets under management over the last 18 months to â?¬24bn, with further growth to come, it has made key appointments within its Isle of Man finance department.

The business is based at Royalty House, Walpole Avenue, Douglas.

Karl Moore has been appointed chief financial officer and has joined the boards of the various Utmost companies in the Isle of Man.

Karl brings many years’ senior experience to Utmost Wealth Solutions, most latterly with Barclays.

Supporting Karl are Jonathan Phiri, head of actuarial, Lee Worsfold, finance change manager, Neil Cowley, financial controller, Charlotte Barham, finance manager and Charles Groom, actuarial manager.

These senior appointments bring a wide range of experience encompassing the international life assurance sector, banking and big four accountancy.

Under Karl’s leadership, this diverse knowledge-base is being directed to create a highly-focused team to spearhead the financial governance of the company’s continued expansion.

The enhanced actuarial function will lead activity in respect of the new Isle of Man solvency requirements and the further development of a robust corporate governance framework.

In addition, the strengthened finance team’s experience in financial change management, reporting and internal controls will ensure that the necessary management systems are in place as the business develops new markets and products.

Karl said: ’I am delighted to have such a strong team supporting me and look forward to working with them as we take the business forward.’

Utmost Limited chief executive Mike Foy said: ’Utmost Wealth Solutions continues to expand as we realise our aspirations to be a leader in the international wealth solutions market.

’With our assets under management doubling over the last 18 months, and with the new Isle of Man solvency regime having come into force, we have made some key appointments to our finance function over the last few months to maintain a sustainable platform for continued growth.

’I am delighted Karl Moore has joined us as chief financial officer. Karl has a wealth of executive management experience which will be invaluable as we take Utmost through the next stage in its development.

’With our other recent appointments, Karl has a high-calibre team around him and I am delighted that Jonathan, Lee, Neil, Charlotte and Charles have chosen to join us on our journey to create a formidable force in the international wealth solutions sector.

’These are exciting times at Utmost Wealth Solutions.’