The representative office will be headed by Jing Zhang, who has been appointed as Richmond’s Asia region client executive and he will be responsible for the continuing development of the group’s Asian client base and liaising with existing clients.
Commenting on the move, Chick said: "Having Jing on the ground enables us to meet with other people who are offering complimentary services, such as immigration and educational services to HNW families, and therefore allows us to expand our own network and effectively have other people recommending our services. She will be a terrific asset to the Group."
"Having a constant presence in Shanghai also enables us to meet others in an existing business or social network at short notice to talk about mutual opportunities, which is far more convenient and productive than trying to set up meetings during our next visit, when the opportunity may have been lost," he added.
Meanwhile, Fiona Le Poidevin, chief executive of Guernsey Finance, said: "It is extremely pleasing to hear that a Guernsey firm such as Richmond has established an office in Shanghai. Alan has been very proactive in making the most of the opportunities which Guernsey Finance has to offer and also driving forward independently to take his work in China to the next level."
Richmond Fiduciary was set up in Guernsey in 1988 and specializes in offering professional fiduciary services to both local and international clients.