Appointments / 20 November 2014
Crestbridge continues to strengthen growing Real Estate business
Andy Williams joins Crestbridge with over 17 years experience in the provision of offshore administration services, nine of which relate exclusively to property, having most recently headed up a private equity real estate office in Jersey. Prior to that, he was an Associate Director in the Real Estate team of a global offshore legal and fiduciary services provider headquartered in Jersey, where he spent over eight years. He is an Associate of the Chartered Institute of Secretaries and Administrators.
Working with a wide range of institutional investors, including large property and insurance companies and pension funds, the real estate team at Crestbridge specialises in providing high quality administration services to real estate holding structures. In recent months, it has seen a rise in the number of large real estate funds it administers, such as the Kennedy Wilson European Real Estate Fund, which is the largest listing of a real estate fund on the London Stock Exchange since the financial downturn.
Commenting on the appointment, Christopher Bennett, Head of Real Estate at Crestbridge, said:
“We are delighted to welcome Andy to Crestbridge’s real estate team. We place a huge emphasis on having an in-depth, comprehensive understanding of the global real estate market, and Andy’s expertise and years of experience working in a fast- paced international financial services and legal environment, will be invaluable in this respect.”
“Recent figures from the Jersey Financial Services Commission show that the value of real estate funds being serviced though Jersey rose last quarter by almost 20% to the highest level seen since the pre-crisis levels of 2007, and we are certainly seeing growth at Crestbridge that mirrors that trend.”
Crestbridge’s real estate service business complements its wide portfolio of other business areas, including fund services, corporate, capital markets and family office services, together with a third party AIFM and UCITS Management Company. The firm has a 16 year pedigree in financial services, administers over US$50 billion of assets across multi-jurisdictional structures, and supports a broad range of blue chip corporate and institutional clients.