Faye Moffett will be stepping down from her role as managing partner with Appleby Isle of Man on March 31.

She will be succeeded by Appleby Isle of Man partner Mark Holligon, who will take up the position as office managing partner from April 1.

Mrs Moffett’s departure from the firm follows more than 20 years there, six as managing partner.

Since joining the firm in 1995, Faye has been involved in a number of deals and milestones and has worked with a range of local and international companies and individuals.

She is a corporate lawyer and has been recognised in The Legal 500 directory’s ’Hall of Fame’ for many years and as an Eminent Practitioner in Chambers and Partners.

Under her leadership the firm says it has grown both its corporate and dispute resolution teams to retain its market leading position. The firm says Mrs Moffett has led the firm through a period of change and spearheaded flexible working and key recruitment and retention initiatives to ensure the firm remains an employer of choice.

Mark Holligon joined Appleby as a partner in 2011 and has been practice group head of Appleby’s Isle of Man dispute resolution team since 2018. Mr Holligon has been repeatedly recognised for over a decade by The Legal 500 and Chambers directories as a leading dispute resolution lawyer. He began his career in England, qualifying in the City of London in 1995 and gaining experience with two further leading UK firms before moving to the Cayman Islands in 2003 and then to the Isle of Man in 2008.

Mrs Moffett said: ’My time with Appleby has been thoroughly rewarding and has provided me with the opportunity to work alongside some great colleagues and clients over the years.

’I feel now is the right time to hand over the responsibility of managing partner to Mark.

’Appleby remains the leading law firm in the island and it has a bright future.

’ I know the firm and our valued clients will be in great hands with Mark and I wish both him and the team at Appleby every success.’

Mr Holligon said: ’It’s been a pleasure to work with Faye since 2011. Her professionalism and integrity have made her a widely popular leader and a very talented lawyer.

’I’d like to thank her publicly, on behalf of the firm, for her dedication over the years and to wish her all the best for the future.

’I am looking forward to leading our fantastic team of lawyers and business support function as we continue to provide our clients with first-class service, guidance and advice.’

From April 1, Appleby Isle of Man partner Kyle Sutherland will also formally take on the role as corporate local practice group head.

Mr Sutherland is qualified to advise on the laws of both the British Virgin Islands and Isle of Man, and specialises in a broad range of finance, corporate and commercial disciplines. Mr Sutherland qualified as an Isle of Man advocate in 2003 with Dickinson, Cruickshank & Co, before leaving the island and spending a number of years working as a solicitor in the United Kingdom.

Prior to re-joining the firm in 2010, Mr Sutherland also spent several years working for the largest law firm in the British Virgin Islands.