Top 25 Most Admired Companies - Appleby

top 25 most admired companiesMethodologyThe Top 25 Most Admired Companiesbegan with an open call for nominationson www.eprivateclient.com and sisterwebsite www.thewealthnet.com. All100 firms that had been ranked, usingempirical data, as part of the Top 25series of rankings for law firms,accountancy firms, trust companies andIFA companies were eligible fornominations. Once the period was overthe final list of the Top 25 MostAdmired was drawn up. The judgingprocess took into account both thequality and quantity of nominations aswell as PAM Insight’s extensiveknowledge of the private clientprofessions and wider wealthmanagement sector.ApplebyTim Fairesgroup head -private client &trusts, partner,ApplebyAppleby, a provider of offshore legal,fiduciary and administration services,opened a new office in Guernsey in thefirst half of 2010.The group now has a total of 81 partners,215 lawyers and over 800 staff dividedbetween 12 offices worldwide.Timothy Faries, group head, private client& trusts, partner, Appleby, feels that thefirm is “admired” for its “unique globalfootprint”.“We are the only offshore firm to offerservice not only in eight key offshorejurisdictions.“This illustrates our capacity to offerclients unparalleled access to legal, fiduciaryand administration services within multiplejurisdictions from which to facilitate theirinternational deals and transactions.”Mr Faries added: “Although Applebylawyers and professional specialists arecapable of providing more expertise forcertain services in particular jurisdictions,this knowledge is easily translated to otherjurisdictions, where we have the localknowledge for dealing with the legal,regulatory and cultural challenges. As aresult, Appleby is able to advise globalpublic and private companies, financialinstitutions and high net worth individuals,working with them and their advisers toachieve practical solutions, whether in asingle location or across multiplejurisdictions.”Gerry Williams,chief executive,ArdelFormally Bachmann Group, the firmrebranded to Ardel Holdings in August2010 as part of the management buyoutprocess, which has seen around 40 of itssenior management team becomeshareholders in the trust company.Chief executive of Ardel, GerryWilliams said that whilst the change inidentity is “essential” to take the companyforward, “continuity and the ongoingprovision of client service areparamount”.StephenKavanagh,chief executive,AWD Chase deVereIndependent financial adviser AWDChase de Vere says that making the Top25 Most Admired is a greatachievement, as it shows how far thefirm has come in two years.“The recognition is fantastic for thefirm as a whole, bearing in mind whereit’s come from in the past couple ofyears. It's another ridge on the progressthat is being made within the company.We see it internally, but it’s now actuallybeing recognised externally too. Itmaybe means more for to us because aArdel TrustHe added: "Following the MBO ourgoal is to grow the business throughacquisitions and expansion into newjurisdictions in 2011. We believe that weare well placed to take advantage of whatwe see as significant opportunity in anever changing marketplace. We lookforward to the challenges that lie ahead.According to Mr Williams, the firm is'admired' for being "client focussed andworking hard at all levels of our businessto provide first class service".The Ardel group of companies currentlyhas around 100 employees in Guernseyand has offices in the UK, Geneva andNew Zealand.AWD Chase de Verecouple of years ago AWD Chase de Verewould not have been in that position,”said Patrick Connolly, headof communications at AWD Chasede Vere.The company currently generates twothirds of its revenue from private wealthand plans to grow further in 2011.“We have come from being in not agreat position two years ago to making aprofit in 2009, to increasing that profitby around 500 percent in 2010. We willcontinue to grow profits in 2011, as wellas the number of advisers, and we arepositioned and positioning ourselves forthe RDR,” added Mr Connolly.2 Top25 Most Admired Companies Report 2011 | Private Client Practitionerwww.eprivateclient.com