Stonehage Fleming makes senior compliance appointments in Channel Islands

Stonehage Fleming, the family office and wealth adviser, has appointed Candice Price as its new head of Risk and Compliance in Guernsey, while Paul Le Bihan has been named head of Risk and Compliance in Jersey.

Le Bihan takes over management of the Jersey risk and compliance team from Hamish Ramsay, who will focus on the role of group head of Risk and Compliance - Family Office, with responsibility for 15 jurisdictions.

Price has more than 31 years of experience in risk and compliance across Guernsey, the UK, South Africa, Switzerland and Mauritius. She joined Stonhage Fleming from Overseas Trust and Pension, where she was an associate director of Compliance, MLRO and MLCO, covering Guernsey and South Africa.

Price will work with the Family Office team in Guernsey and risk and compliance teams across the Stonehage Fleming Group. She will also, later in 2023, assume prescribed officer responsibilities in relation to the Compliance Officer (CO), MLRO and MLCO for Stonehage Fleming's operational entities in Guernsey, reporting to Paul Le Bihan.

Le Bihan, a director in the risk and compliance team, has 20 years of experience in the Jersey financial services sector, joining the Group in 2016. Currently holding JFSC Key Person positions for the Jersey Corporate Funds division and its regulated clients, he will take over the JFSC registrations for the other Jersey business lines, and management of the Jersey risk and compliance team, from Hamish Ramsay.

Ramsay joined the Group in 2017 and has 35 years of broad experience in international finance. Following the acquisition in January 2022 of Maitland's private client business, over 300 staff and five jurisdictions were added to the Group structure. Consequently, Ramsay will now concentrate on his role as Group Head of Risk and Compliance - Family Office, with responsibility for 15 jurisdictions.

Ian Crosby, global head of Group Risk and Chairman of Stonehage Fleming Jersey, said: "We are delighted to welcome Candice to Stonehage Fleming. Her extensive experience and exceptional track record in risk and compliance make her an invaluable addition to our team. With her expertise, we are confident in her ability to ensure our clients' compliance needs are met and to drive our commitment to maintaining the highest standards of regulatory governance."

"I have worked closely with Hamish and Paul over the last six years, and their knowledge, experience and teamwork have ensured that Stonehage Fleming Jersey maintain the highest standards of regulation despite the vast increase in global regulation and the speed of change in this sector. I'm thrilled that the Group have recognised the dedication and hard work of Paul, and his promotion is well deserved."

"These appointments also reflect our ongoing dedication to being the distinguished independent adviser to the world's leading families and wealth creators."