Theres been a mangement buy out of Fortis International (IOM) limited with its Trust and Corporate Services business.
Steve McGowan, who has been with the group for five years will head SMP partners as chairman. He says the move follows a strategic review by the Fortis Intertrust Group resulting in the oportunity being offered.
He says that he believes the interests of existing clients and staff would best be served by the MBO.
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