Stenham Cannon Group formed after buyout

The directors and senior leadership of each firm have completed the buy-out, creating the Stenham Cannon Group – a new, fully independent business with operations in Guernsey and Alderney. The group’s operating companies are licensed by the Guernsey Financial Services Commission and across the group can conduct fiduciary and investment businesses including fund administration.

Stenham Trustees has been operating in Alderney for 35 years and Cannon Asset Management is celebrating its 25th anniversary in Guernsey.

With more than 80 employees in the group based across the Bailiwick, it is now one of the largest privately-owned employers in Alderney. Prior to the purchase, both companies were owned by South African firm Peregrine Financial Services.

‘By combining a wealth of experience with private, independent ownership we will be able to fly the flag for the Bailiwick as a jurisdiction of excellence, with the ability to concentrate on bringing new business to the islands,’ said Richard van Vliet, who leads the group business.

‘The move also opens up opportunities to enhance employee participation in ownership whilst providing bespoke expert solutions for trust and company administration, fund administration and wealth management.’

The Stenham Cannon Group said it will prioritise maintaining excellent client relationships and further developing its core services – including boutique fund administration that focuses on the set-up and incubation of tailored funds.

On-island decision making will allow the group to be nimble and fast-moving, it added.