Costly compliance sees two Guernsey cos merge

The increasing costs of compliance have forced two Guernsey-based financial services comp- anies to merge, and form an alliance with a third. Charlesworth International (Guernsey) and Clarke Middleton Associates have merged to form Kensington Wealth Management. The new operation has formed an association with The Kensington Corporation, an international private trust company based in Guernsey with offices in Alderney, Switzerland and the Caribbean. "We believe that the coming together of the three existing practices gives us greater ability to provide a more holistic and highly persona...