Appleby Global Services, the law firm’s specialist corporate and trust services provider, has celebrated its second year anniversary by announcing dramatic growth in the business.

AGS, which provides a range of administration, reporting and fiduciary services to multinational corporate organisations and high net worth individuals, tripled its business and increased the number of employees by 40 per cent over the last 12 months, it said.

AGS said it works closely with Appleby’s legal specialists to provide clients with an integrated legal and fiduciary/administration service offering. It operates integrated services in the key offshore jurisdictions of Bermuda, the Cayman Islands, Jersey, Mauritius and Seychelles, as well as the international finance centre of Hong Kong, it said.

A team of experienced professionals provide corporate, trust, fund, reporting and director services with plans to further expand regulatory & compliance services, AGS said.

AGS said each jurisdiction has specialist sector experience. Bermuda specialises in re/insurance, the Cayman Islands in funds, structured finance and IPOs, Hong Kong in IPOs, Jersey in asset holding structures, Mauritius in funds and investment holding structures, and Seychelles in fintech.

It said services vary across its six jurisdictions with some offices also offering protector, listing, escrow, client accounting and employee incentives services, among other offerings.

Tim Faries, CEO of AGS, said: “We have an ambitious growth strategy and are delighted with the milestones we have reached on our second year anniversary. Our success is due to the extremely committed and client-centric professionals across our offices globally.

“As regulation and compliance requirements continue to rise and the highest standard of governance is required, we expect client demand for integrated legal, fiduciary and administration services to grow even further. Our global team is poised to support our valued clients as they navigate the increasingly complex regulatory environment.”