New Street Management is expanding its financial services offering, having obtained regulatory approval from GFSC to launch a new fund administration business. These fund services will be provided through the newly established company ‘NSM Funds Limited’ from its headquarters in Guernsey. NSM continues to hold a full fiduciary licence to service its growing base of high net worth and institutional clients around the world.

Managing Director of the group, Simon Graham commented “As an owner-managed independent firm, we’ve seen our business grow exponentially over the 7 years since it was established, which is in no small part attributable to the bespoke and personal approach we take to servicing our clients’ requirements”. He continued “We see funds playing an increasing role in private wealth management and know the Guernsey funds market to be a growth market, so are delighted to extend our ethos to a new client base in line with our growth strategy for the group”.

The new funds business is headed by Marie Jarvis, with Emma Clayton joining her as Associate Director. Together they bring over 40 years of experience in fund administration with extensive knowledge of share registration, corporate governance, valuation and fund accounting. Marie comments “The opportunity to offer high quality fund administration services from an independent firm already well established as one that prides itself on delivering customer-centric bespoke solutions is a really exciting prospect. We look forward to growing our client base and with it the team that will service them”.