Blacktower Financial Management Cayman, provider of financial services and independent wealth management advice, has added two new experienced industry executives to its team, Jim McLean and Chris Shaw, as part of its expansion of services, footprint, and licensing in the region. 

Both will be working alongside group executive director, Ally Kerr, who oversees the operations of Blacktower Cayman. 

McLean, who becomes head of private wealth, has an extensive track record in financial services going back to 1974, working with Barclays, AXA, Coutts, and Fidelity Cayman. 

His area of expertise lies in retail banking and lending, with much complementary experience in sales and marketing. 

Shaw is appointed chief compliance officer, who also spent time at Fidelity Cayman as its group head of compliance, with additional experience at the FCA and MRLO/MLCO within a compliance capacity. 

Group managing director, Gavin Pluck, said: "We are fortunate to already have an extremely experienced and competent compliance team here at Blacktower, something which is intrinsic in upholding the standard of service we pride ourselves on; it gives our advisers confidence in their roles and in turn provides security for our clients. 

"Having Chris join one of the fastest-growing divisions of the group will help to ensure that we continue our strict compliance to all necessary regulations upon which our heritage and prestige has been built."

Group chairman, John Westwood, said the addition of Jim McLean will "help to cement the direction of our Cayman entity, putting emphasis on growth and development in an area where demand is high. 

"Jim's appointment will allow us to personalise our services to our clients further, making our offering truly bespoke and enabling the provision of effective solutions to individuals who might be experiencing significant stress or uncertainty when it comes to securing their financial future."

This team expansion follows the entity's recent acquisition of a full Broker Dealer license, as granted by CIMA.