Vivat Trust Company announces new appointment

Jersey Evening Post 18th July 2008

Michael Price, former group managing director, then chairman, of Close Brothers trust services has been appointed to lead the operations of Vivat, an established St Helier trust company and a wholly owned subsidiary of Viberts law firm.

Mr Price has extensive knowledge of Jersey’s trust industry, having 25 years senior-level experience. The chairman of Vivat, Advocate David Le Quesne, commented: ’Michael’s appointment as executive deputy chairman is a significant milestone for the firm. He brings expertise and seniority to help us develop and diversify into new markets. We believe, as he does, that Jersey’s trust industry will continue to be an important foundation for Jersey’s economic success, as long as it is flexible and forward-looking. We think Vivat can contribute to that success.’

Mr Price said: ’Vivat is well established and has a strong client base concentrated largely amongst wealthy private individuals, many of whom have connections with the UK. Now, we are developing new relationships further afield in markets which are less mature. We will also be expanding the size of the firm and developing our existing corporate business into new and emerging opportunities, working closely with Viberts law firm, which is also expanding its corporate department. 

’My colleagues and I have great faith in Jersey as one of the best regulated and most stable international financial centres with an infrastructure of highly competent administrators supported by excellent professional advisers.   It is this core competency that will ensure the future of the island, regardless of fiscal changes elsewhere, and Vivat is proud to be a part of that continuing success.’

Mr Price has lectured on trust-related issues in the UK, Europe and North America. Married with four adult children, he is a keen yachtsman and a member of the Royal Ocean Racing Club.