Hawksford add 12 staff with Key Trust takeover

THERE has been more consolidation in the trust sector with the announcement that Hawksford has bought Key Trust for an undisclosed sum.

Hawksford chief executive Peter Murley
Hawksford chief executive Peter Murley

THERE has been more consolidation in the trust sector with the announcement that Hawksford has bought Key Trust for an undisclosed sum.

A total of 12 Key Trust staff will transfer to Esplanade-based Hawksford and the expanded group now employs 160 people, making it one of the biggest in a sector that employs 5,000 Islanders.

Some staff of Key Trust voluntarily left the company before the completion of the acquisition by Hawksford, which is an independent wealth structuring company.

Key Trust was part of the Key Group and had provided wealth management and administration services to high net worth clients and their professional advisers since 2000.