About FRIWM
FirstRand International Wealth Management Holdings Limited
The structure of FirstRand International Wealth Management Holdings Limited (FRIWM) in Jersey is the result of FirstRand's strategic initiative to substantially enhance its international asset management offering, both for its South African and international client bases.
Martyn Scriven is the Chairman of FRIWM, Trevor Falle is the Chief Executive Officer (CEO) and Nicholas Taylor is the Chief Financial Officer (CFO). Peter Bourne and Geoff Gavey are Executive Directors, whilst Derek Breed, one of the founders of Ashburton, is a Non-Executive Director on the FRIWM board together with Willie Miller, Frans Truter and Morris Mthombeni.
History of the Group
Prior to the establishment of FRIWM, the Jersey General Group had an interesting history. Formed in 1931, Jersey General Investment Trust Limited was the first public investment trust to be established in Jersey and the first Jersey company to be quoted on the London Stock Exchange.
Its subsidiary company, Jersey General Executor and Trustee Company Limited, was founded in 1935 and was the first trust company to be established in the Channel Islands. JG Trustees Limited was established in 1987 to undertake the administration of all trusts and managed companies within the Jersey General Group from its offices in Guernsey.
The investment assets of Jersey General Investment Trust Limited were liquidated in 1989 and the Company ceased to be quoted on the Stock Exchange. The ownership of Jersey General Executor and Trustee Company Limited, JG Trustees Limited and another subsidiary company, Ashburton, was then transferred to a new holding company, Jersey General Group Holdings Limited.
The name of Jersey General Group Holdings was changed to FirstRand International Asset Management Limited (FRIAM) shortly after the acquisition by FirstRand in July 2001.
The ownership of JG Trustees Limited was transferred with effect from 30 September 2001 to Ansbacher Channel Islands, a sister company within the FirstRand Group.
Following the sale of Ansbacher by the FirstRand Group, FRIAM re-acquired JG Trustees Limited and its parent company, RMB International (C.I.) Limited with effect from 1 July 2004.
