Exponential growth necessitates new premises for Sovereign

EXPONENTIAL growth continues in the Guernsey branch of Sovereign Trust with five new members of staff and an extension into a new office.

The global company opened its local operation in April 2010 with four members of staff at Sarnia House in Le Truchot. Only a year and a half later, the organisation now employs 27 people.

Staff moved to a larger office in St Peter Port House in Sausmerez Street earlier this year but the recent addition of five new employees necessitated an expansion into another office within the same building complex.

Since setting up in the island in 2010, Sovereign Trust has seen unprecedented demand for both international and domestic pensions services.

Managing director Rob Shipman said it had been a whirlwind couple of years and he saw no end to the expansion.

‘We are an independent company rather than being affiliated with a law, bank or accountancy firm, which means we give our clients complete freedom. We do not try to guide them towards any particular pension product.

‘Qualifying Recognised Overseas Pensions Schemes (QROPS) and Qualifying Non-UK Pensions Schemes (QNUPS) are services that have been very popular and we now enjoy a significant percentage of the market in those areas.


‘This as well as our expertise and commitment to providing a first class service is what I attribute our success to. We have taken on some very talented staff members and will be looking to hire more in the coming year,’ he added.

Sovereign Trust provides both internal and external training for new recruits and is determined to invest in their young people as they begin their careers.

‘It’s a very exciting time. It has been a huge success story and we are exceptionally pleased,’ said Mr Shipman.