Intertrust simplifies organisational structure to support its transformation strategy
14 Janvier 2019 - 07:15AM
Amsterdam, the Netherlands - 14 January 2019 -
Intertrust N.V. ("Intertrust" or "Company") [Euronext: INTER], a
leading global provider of expert administrative services to
clients operating and investing in the international business
environment, announces today it is advancing the simplification of
its organisational structure by replacing its current geographical
setup of five segments, with a condensed regional approach, based
on market size and characteristics.
Stephanie Miller, CEO Intertrust: "We are making
good progress in the transformation of our company to become a
tech-enabled corporate and fund solutions provider. Simplifying our
management structure is another positive step in this journey.
Building on executive leadership appointments I made last year for
Technology, Operations, HR and M&A, these new reporting lines
strengthen our business leadership to further increase focus,
agility and accountability."
The company will operate through three market
areas:
Western Europe
The market area Western
Europe consists of Belgium, Germany, Luxembourg, Netherlands
and Switzerland (47% of H1 2018 Group revenue). Frank Welman,
currently Managing Director of Intertrust Luxembourg, will be
appointed Managing Director Western Europe, expanding his
responsibilities to oversee this market area which includes our two
largest jurisdictions.
Americas
The market area Americas, led
by James Ferguson, remains unchanged and consists of Bahamas,
Brazil, BVI, Canada, Cayman Islands, Curacao and USA (16% of H1
2018 Group revenue).
Rest of the World
The market area Rest of the
World, led by Daniel Jaffe, consists of Asia Pacific
(Australia, China, Hong Kong, Japan and Singapore); and Northern
and Southern Europe (Cyprus, Denmark, Finland, Guernsey, Ireland,
Jersey, Norway, Spain, Sweden, Turkey, UAE and UK). Rest of the
World, which now includes Jersey, represents 36% of the company's
H1 2018 Group revenue.
The new structure will be reflected in the
composition of the Company's Executive Committee, with immediate
effect. The Company will report according to the three above
mentioned market areas as of Q1 2019, including the quarterly
comparables for 2018.
To read the press release, please open the
attached file or download here.
Intertrust_simplifies_organisational_structure
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information contained therein.
Source: Intertrust Group via Globenewswire