The Business Concept Q1 2023

Floreat Group announces the launch of Cayman Islands offering as part of strategic growth plans Based in Camana Bay, the Cayman office will offer private-office investment services to ultra-high net worth (UHNW) individuals and families globally. The Cayman offering will work closely with the London office to provide bespoke access to a range of private office services, and harness the group’s access to investments across equities, private markets, aircraft leasing and real estate. The Cayman office is led by Clive Thomas, with Billy Harty leading the investment team. Thomas returns to Floreat after spending four years as a Partner at legal and professional services firm Walkers Global. Harty joined from Cayman Islands-based RBC Dominion Securities, where he worked as an investment adviser. Thomas and Harty are joined by latest recruit, Matt Ellis, Investment Manager. Ellis joined from a large, Cayman-based, single-family office, Floreat Group, the privately-held investment group, headquartered in London, has announced the launch of a new Cayman Islands-based offering. where he acted in both an equity research and trading capacity. The launch follows a period of growth for the firm and is a natural evolution to address a new region of demand. Commenting on the launch Clive Thomas, Head of Floreat Cayman, said: “The Cayman Islands represents an excellent opportunity for a firm like Floreat to bring its extensive range of services to a new pool of select clients. Through our experienced investment team and our personal private client services, we will be able to build on the excellent reputation Floreat Group has in a historically underserved region.” Mutaz Otaibi, CEO of Floreat Group, said: “In the changing landscape of wealth management, we believe it is key that businesses are global and can deliver the high standard of specialised services that UHNW clients demand. With a proven track record, Clive and Billy are wellplaced to kickstart the next level of Floreat’s growth.” Jan22376