Workers at Maples Finance, which opened a base in St Helier in 2000, were told last week that their branch will close early in the New Year.
The JEP understands that the announcement came as a shock to the firm’s estimated 14 staff, all of whom are expected to be made redundant.
In a statement, Maxine Rawlins, chief executive officer of Maples Finance, said: ‘While we had success in Jersey over the past nine years, we have had to make the difficult decision to close our St Helier office in order to align our resources with the changing needs of our clients.
