Stanhope Capital, the global investment office, is reinforcing its business development drive in the Channel Islands. Its new subsidiary, Stanhope Capital (Jersey) Ltd, has now received authorisation to conduct investment business, from the Jersey Financial Services Commission.

Stanhope Capital (Jersey) Ltd is led by its founder directors David Nolan and Jonathan Overland, who formed an alliance with Stanhope Capital in April 2014 to develop additional business in the Channel Islands. They have been non-executive directors of the Stanhope Group since 2011.

Stanhope Capital has a long track record in the Channel Islands as it has been actively managing portfolios for Channel Islands trust companies since the firm was founded in 2004.

Guy Paterson, a partner at Stanhope in London, thought that the establishment of a physical presence in Jersey was a logical direct response to the increasing demand from the Channel Islands’ fiduciary community for stable and established institutions with which they can form partnerships.