Adam Norris has been appointed as the senior manager, Intermediary Business Development, and will be responsible for developing institutional client relationships in the Channel Islands, including with offshore trust companies, offshore fund and investment managers, family offices, insurance companies and captives.

Norris will be based in Jersey and will report to Tim Houghton, head of private client wealth management-offshore, who is also based in Jersey.

Intermediary Wealth Solutions will offer services such as banking, cash management, treasury services, global custody, credit and financing, discretionary asset management and tax consultancy.

Commenting on the move, Stuart Rutledge, head of Global Trust, said: "This initiative is in direct response to the increasing demand that we have seen from local businesses as the ongoing market uncertainty has led them to seek stable and established institutions to partner with. We believe that our unique value proposition means that we are ideally placed to become a leading provider of wealth services to the intermediary market in Jersey and Guernsey."