Top 25 Most Admired Companies - Appleby

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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
top 25 most admired companiesBaker & McKenzieInternational law firm Baker & McKenziehas been on the expansion trail over the last12 months.The firm made several new hires andpartner promotions around the world in2010, and opened an office in Luxembourg,its 68th location and 40th countryworldwide.But what does 2011 have in storefor the firm?Ashley Crossley, partner, chair of Europe& Middle East wealth management andjoint head of private client said: “We planBedell TrustIndependent trust company Bedell Trust ispart of the Bedell Group, which alsocomprises law firm Bedell Cristin.Nick Cawley, chief executive,Bedell Trust and Michael Richardson,executive chairman of Bedell Trustsaid that the Top 25 Most Admiredaccolade gives the firm “anotherreason to celebrate” its 40 year anniversary.The company, one of Jersey’s longeststandingplayers, prides itself on itsindependence and “strong brand”.Following the launch of Bedell Cristin(Mauritius) Partnership in November 2010,Brooks MacdonaldFinancial ConsultingIndependent financial advisory firmBrooks Macdonald Financial Consultingmarks its 20th anniversary in 2011, and thefirm said it is "delighted to be named oneof the Top 25 Most Admired companies"."We hope we are admired for manythings, but most important to us and toour clients is our emphasis on putting theirneeds first. What we do for our clients isdriven solely by the principles of an advicedrivenservice built on integrity. Our lowclient to adviser ratio facilitates a servicewhich defines clients by name rather thannumber and ensures completeAshley Crossley,joint head ofprivate client,Baker & McKenzieto continue our growth in Russia/CIS andthe Middle East and to build on theexcellent reputation we have in thesemarkets for cross-border wealthmanagement structuring. We are also goingto pursue further our Hong Kong andSingapore strategy for wealth managementclients and financial institutions operatingin the region.”(l) Nick Cawley,CEO of Bedell Trustand (r)MichaelRichardson,executive chairmanof Bedell Trustthe company plans to open a trustoperation in Mauritius in 2011.“We will also be installing a newadministration system and a separatesystem dedicated to the fundadministration business line. Thesebest-of-breed IT systems will furtherimprove our client service delivery,” saidMr Cawley and Mr Richardson.Nick Lawes,managing director,Brooks MacdonaldFinancialConsultingindependence from product providers,"said Nicholas Lawes managing director ofBrooks Macdonald Financial Consulting.Through 2011 and into 2012 the firmintends to continue attracting new clientswho its independent client facing service,preparing for the arrival of RDR inJanuary 2013 and continuing to expand itsnetwork of fellow professionals from thelegal, accountancy and fund managementworlds.Charles RussellRobert Partridge,partner,Charles RussellLike many private client law firms CharlesRussell has a long history. It can trace itsroots back to 1891.The firm became a Limited LiabilityPartnership in May 2005, offers servicessuch as tax, succession planning, wealthstructuring, philanthropy and BritishVirgin Islands legal advice.Robert Partridge, partner at CharlesRussell, said that the firm is “thrilled” to beone of the six law firms named as a Top 25Most Admired Companies.“We have always been very proud of ourprivate client team here at Charles Russell- we have one of the largest team in theUK and, we like to think, one of the verybest. We are delighted to be gainingincreasing recognition in the marketplacefor the strength and depth of our team.”Mr Partridge said that the firm hasgrown “significantly” to cater for anincrease in workload, and it plans to growagain in 2011.“We are fortunate that the private wealthsector is strategically important for thewhole firm, and we plan to build furtheron the firm's private wealth focus in 2011,so that Charles Russell is increasinglyrecognised as a natural choice forsophisticated UK and international clientswho want to use a full service law firm thatcan handle all of their private wealthneeds,” he said.www.eprivateclient.comPrivate Client Practitioner | Top25 Most Admired Companies Report 20113
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